BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Monsanto Getting Lost in the Weeds]]>http://www.bloggingstocks.com/2010/06/30/monsanto-getting-lost-in-the-weeds/http://www.bloggingstocks.com/2010/06/30/monsanto-getting-lost-in-the-weeds/http://www.bloggingstocks.com/2010/06/30/monsanto-getting-lost-in-the-weeds/#commentsFiled under: ,

If you are looking for a textbook downtrend, you need look no further than agricultural giant Monsanto (MON). Since hitting a high just above $85 in early January, Monsanto has been on an uninterrupted escalator down to $45.

Unfortunately for Monsanto, today's disappointing earnings announcement is going to do nothing to help change that situation.

Monsanto announced that it only earned $0.70 per share last quarter -- compared to the $1.25 per share the company earned last year. So earnings are off by 44% while the stock price is off by 47% this year.

It looks like poor Roundup and other glyphosate-based herbicide sales are largely to blame for Monsanto's struggles. It's not that farmers and others aren't buying as much herbicide. The problem is the price of these herbicides has declined from $35 a gallon a few years ago to current levels of $8 to $11 a gallon.

Continue reading Monsanto Getting Lost in the Weeds

Monsanto Getting Lost in the Weeds originally appeared on BloggingStocks on Wed, 30 Jun 2010 13:45:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>earningsinthenewsmonmonsantopotpotashroundupsyngentasytWed, 30 Jun 2010 13:45:00 EST<![CDATA[Monsanto tops 3Q profit estimates, warns on Roundup earnings]]>http://www.bloggingstocks.com/2009/06/24/monsanto-tops-3q-profit-estimates-warns-on-roundup-earnings/http://www.bloggingstocks.com/2009/06/24/monsanto-tops-3q-profit-estimates-warns-on-roundup-earnings/http://www.bloggingstocks.com/2009/06/24/monsanto-tops-3q-profit-estimates-warns-on-roundup-earnings/#commentsFiled under: , ,

Monsanto Co. (NYSE: MON) pleasantly surprised the Street with a stronger-than-expected third-quarter profit. This morning, the company reported quarterly net income of $694 million, or $1.25 per share, besting analysts' expectations for a profit of $1.18 per share. Net sales arrived at $3.2 billion, down 11% from the year-ago period.

Additionally, Monsanto said it will create a separate division for its herbicides business, in order to "better align spending and working capital needs." The firm will also undergo a restructuring that will result in 900 lost jobs, or less than 4% of its global workforce. The change will translate to a fourth-quarter charge of roughly $350 million, or 41 cents to 47 cents per share.

Continue reading Monsanto tops 3Q profit estimates, warns on Roundup earnings

Monsanto tops 3Q profit estimates, warns on Roundup earnings originally appeared on BloggingStocks on Wed, 24 Jun 2009 12:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>herbicidesinthenewsjob cutsMONMonsanto CompanyoptionsrestructuringRounduptechnical analysisthird-quarter earningsWed, 24 Jun 2009 12:40:00 EST