Monsanto’s Q4 Loss Widens, Missing View; Forecast Disappoints; Shares Fall (MON)

Seed and herbicide maker Monsanto Company (MON) on Wednesday posted a worse-than-expected fiscal fourth quarter loss and provided a weak 2013 forecast, sending its shares lower in premarket trading.

The St. Louis-based company reported a fourth quarter net loss of $229 million, or -42 cents per share, compared with a loss of $112 million, or -21 cents per share, in the year-ago period. Excluding one-time items, its adjusted loss was 44 cents per share.

Revenue fell 6% from last year to $2.11 billion.

On average, Wall Street analysts expected a better loss of 42 cents per share, on higher revenue of $2.25 billion.

Looking ahead, MON forecast full-year 2013 earnings to range from $4.18 to $4.32 per share, which would fall short of analysts’ outlook of $4.38 per share for the year.

Monsanto shares fell $2.79, or -3.1%, in premarket trading Wednesday.

The Bottom Line
Shares of Monsanto (MON) have a 1.65% dividend yield, based on last night’s closing stock price of $90.94. The stock has technical support in the $83-$85 price area. If the shares can firm up, we see overhead resistance around the $96-$97 price levels.

Monsanto Company (MON) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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