Monsanto Net Income Forecast Lower

Bloomberg reports that Monsanto is lowering its full-year earnings projection because of added expenses in a cost-cutting plan it announced last month. Net income through August is expected to range from four dollars to $4.66 per share.  Monsanto is taking steps to combat lower commodity prices that have lowered farmer incomes for two straight years. Monsanto, the world’s largest seed producer, expects to save up to $500 million dollars annually by the year 2018.

Source: NAFB News Service

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