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Monsanto Q4 Losses Worse Than Expected, Announces $930 Million Acquisition

By  +Follow October 3, 2013 8:18AM
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Monsanto Co. (MON) announced on Wednesday the results from its fiscal fourth quarter that showed a widening loss and sales that came up short of analyst predictions as sales from the company’s Seeds and Genomics segment decreased.  Meanwhile, the agricultural product giant said that it was spending $930 million to buy farm analytics company The Climate Corp.

For the quarter ended August 31, Creve Coeur, Missouri-based Monsanto reported revenue of $2.20 billion, up  5 percent from $2.10 billion in the same quarter of 2012.  Diluted earnings for the quarter was $249 million, or 47 cents per share, versus a net loss of $229 million, or 42 cents per share, in the year prior quarter.

Wall Street expected a net loss of 43 cents per share on revenue of $2.26 billion.

The company’s sales in its Seeds and Genomics segment declined from $1.20 billion in the 2012 quarter to $1.19 billion.  Within that group, corn seed and traits improved from $588 million to $618 million.  Sales of Monsanto’s genetically modified soybean seeds declined from $142 million in last year’s quarter to $87 million in the recent one.  Total agricultural productivity helped boost sales, climbing rom $2.1 billion last year to $2.2 billion.

However, operating expenses rose from $1.14 billion to $1.2 billion.

Monsanto chairman and chief executive Hugh Grant remained optimistic, saying, “The strength of our broad global portfolio enabled us to deliver a third consecutive year of strong business results, and by building off our proven strategy we're confident the key elements are in place to carry that momentum through to achieve strong business growth in 2014.”

Separately, the company announced that it will pay $930 million in cash for San Francisco-based Climate Corp., a technology company that was the product of Google and other Silicon Valley engineers in 1996.  Climate uses technology to help farmers with growing seasons based upon weather forecasts and data analysis.  Monsanto plans to incorporate the data products into its FieldScripts precision planting platform to provide farmers with weather stats and agronomic data, which is slated for launch in 2014.

“The acquisition is expected to expand on The Climate Corporation’s leadership in the area of data science, which represents the agriculture sector’s next major breakthrough, and will immediately expand both the near- and long-term growth opportunities for Monsanto’s business and Integrated Farming Systems platform,” Monsanto said in a statement today.

CEO Grant’s aforementioned optimism didn’t translate to a rosy outlook in Wall Street’s eyes.  In fiscal year 2014, Monsanto expects to achieve EPS of $5.00 to $5.20 after approximately $0.14 of dilution related to The Climate Corp. acquisition.  Analysts were expecting earnings of $5.31 per share.

Investors initially focused on the earnings miss and soft guidance, sending shares to three-week lows at $101.78 before recovering to end the day at $104.04 for losses of only 0.96 percent on the day.  So far in 2013, shares of MON are up about 12 percent and twice fought resistance at $108.

Results for MON
Maxton Gelson
20 Apr 14 13:34:57
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Ajit Benjamin
20 Apr 14 13:27:09
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Ford Cadwell
20 Apr 14 12:52:49
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20 Apr 14 11:49:57
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Patty Porter
20 Apr 14 09:39:32
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Stock_Tracker
20 Apr 14 09:32:30
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Alfred Jaxon
20 Apr 14 08:39:00
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20 Apr 14 04:45:39
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20 Apr 14 01:10:32
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Zackery Jaxon
19 Apr 14 19:19:50
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Mind Equity
19 Apr 14 15:53:50
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19 Apr 14 14:33:22
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19 Apr 14 14:24:40
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Dan Ayers
19 Apr 14 12:13:55
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Jaydan Kyler
19 Apr 14 11:09:43
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19 Apr 14 06:52:26
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Sarfaraz A. Khan
19 Apr 14 06:40:12
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Thor Edeson
19 Apr 14 03:45:57
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eatlovetrade
18 Apr 14 21:50:38
“Vermont Senate passes a bill requiring #GMOs to be labeled http://t.co/evRmoyHH2N” - could be trouble for $MON but not in effect till 2016
Eva Maria Magdalena♔
18 Apr 14 20:18:53
Monsanto Company VP Unloads $873,029 in Stock $MON http://t.co/bALPfLAqCi via @RatingsNetwork
Ward Anders
18 Apr 14 18:39:38
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18 Apr 14 18:33:51
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Stock Terminator
18 Apr 14 16:31:56
Todays Stocks you should Watch $GOOG $MON $FCS $RT I suggest http://t.co/tB6wvgsa3Q
4-traders.com
18 Apr 14 13:55:02
Monsanto : The Future of the Fish Fry http://t.co/3cpLSA1ZpU $MON
Rey Latimer
18 Apr 14 10:43:41
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Brecken Kingston
18 Apr 14 10:14:20
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18 Apr 14 10:12:24
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Ticker Report
18 Apr 14 07:28:14
Insider Selling: Monsanto Company CEO Unloads 95,000 Shares of Stock $MON http://t.co/cQnPczbRKz
Pearline Smiley
18 Apr 14 07:15:34
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18 Apr 14 07:05:21
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Pike Gall
18 Apr 14 06:35:31
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L. Brisebois
18 Apr 14 04:43:10
RT @montreal110: Monsanto : Le Vermont, premier Etat US à vouloir étiqueter les OGM $MON http://t.co/xCncZFk322 via @Zonebourse OGM #enviro…
Eric Strasbourg
18 Apr 14 04:41:20
RT @montreal110: Monsanto : Le Vermont, premier Etat US à vouloir étiqueter les OGM $MON http://t.co/xCncZFk322 via @Zonebourse OGM #enviro…
Josue Dollar
18 Apr 14 04:27:46
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Cash Davis
18 Apr 14 02:02:10
$MON Earnings news on $XLNX $GWR $IR Click http://t.co/IcqzPFpuuu
senthilnathan karupp
18 Apr 14 01:08:41
$MON is up 0.38% today, our subscriber’s portfolios are up 20% . http://t.co/tffaUfQ6oZ
senthilnathan karupp
18 Apr 14 01:05:04
$MON is up 0.38% today, our subscriber’s portfolios are up 20% . http://t.co/tffaUfQ6oZ
senthilnathan karupp
18 Apr 14 01:04:04
$MON is up 0.38% today, our subscriber’s portfolios are up 20% . http://t.co/tffaUfQ6oZ
senthilnathan karupp
18 Apr 14 01:03:05
$MON is up 0.38% today, our subscriber’s portfolios are up 20% . http://t.co/tffaUfQ6oZ
senthilnathan karupp
18 Apr 14 01:02:04
$MON is up 0.38% today, our subscriber’s portfolios are up 20% . http://t.co/tffaUfQ6oZ
senthilnathan karupp
18 Apr 14 01:01:05
$MON is up 0.38% today, our subscriber’s portfolios are up 20% . http://t.co/tffaUfQ6oZ
senthilnathan karupp
18 Apr 14 00:50:07
$MON is up 0.38% today, our subscriber’s portfolios are up 20% . http://t.co/tffaUfQ6oZ
senthilnathan karupp
18 Apr 14 00:49:16
$MON is up 0.38% today, our subscriber’s portfolios are up 20% . http://t.co/tffaUfQ6oZ
Chuck Palazzo
17 Apr 14 22:35:09
Monsanto Company VP Unloads $873,029 in Stock $MON http://t.co/9ke1v8f0aE via @RatingsNetwork
Nathalie Rochefort
17 Apr 14 21:11:56
RT @OpeNewseu: Le Vermont, premier Etat US à vouloir étiqueter les #OGM $MON #Monsanto : http://t.co/3Pl6UfMlab via @Zonebourse
OpeNews.eu
17 Apr 14 21:07:49
Le Vermont, premier Etat US à vouloir étiqueter les #OGM $MON #Monsanto : http://t.co/3Pl6UfMlab via @Zonebourse
Chuck Palazzo
17 Apr 14 21:02:19
Insider Selling: Hugh Grant Sells 95,000 Shares of Monsanto Company Stock $MON http://t.co/Y2GcaVMiPe via @RatingsNetwork
Shepherd Cole
17 Apr 14 20:32:19
$BIIB Are you Bullish on these #stocks $TGT $MON $SLV #money http://t.co/Wc0Pt5eiu0
Keon Carlisle
17 Apr 14 20:21:44
$MON Severe winter weather da http://t.co/YvLsbgLgnv
Gaya Latulippe
17 Apr 14 20:20:28
RT @montreal110: Monsanto : Le Vermont, premier Etat US à vouloir étiqueter les OGM $MON http://t.co/xCncZFk322 via @Zonebourse OGM #enviro…
				
				
By  +Follow October 3, 2013 8:18AM
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