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Monsanto Lowers Earnings Outlook

Stock quotes in this article: MON , SMG , IPI , TRA , CF , BG , AGU , POT  

Monsanto(MON Quote) lowered its 2009 profit outlook, citing lower sales, sending shares down in Wednesday trading.

Previously, Monsanto expected earnings per share between $4.40 and $4.50. It now EPS of about $4.40 for the fiscal year ending in August. Analysts polled by Thomson Reuters had forecast $4.58 per share for the fiscal year.

Monsanto shares were down 5.3% to $80.74 late Wednesday morning. ...

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