Monsanto Co. (NYSE: MON) reported a fiscal fourth-quarter 2012 adjusted diluted earnings per share (EPS) loss of $0.44 on revenue of $2.1 billion. In the same period a year ago, the fertilizer and seed maker reported an adjusted diluted net loss of $0.22 per share on revenue of $2.2 billion. Fourth-quarter results compare to the Thomson Reuters consensus estimates for an net loss of $0.42 per share and $2.25 billion in revenue.
For the full fiscal year, the company reported adjusted diluted EPS of $3.70 on revenue of $13.5 billion. That compares with fiscal 2011 EPS of $2.96 on sales of $11.8 billion. The Thomson Reuters consensus estimates called for EPS of $3.72 on revenue of $13.65 billion.
Monsanto’s chairman and CEO said:
With more waves of innovation and global opportunities than ever before, I’m confident that by building off what we accomplished in 2012 we can achieve steady growth in fiscal year 2013 as we continue to deliver sustainable yield to our farmer customers.
Monsanto forecast full-year 2013 EPS of $4.18 to $4.32, both adjusted and unadjusted. The company’s Seeds and Genomics division is slated to post gross profit of $6.55 billion, and the Agricultural Productivity division is expected to put up a profit of $1 billion. Free cash flow is forecast at $1.7 billion to $1.8 billion.
The consensus estimate for 2013 earnings had been $4.38.
Monsanto’s shares are down about 3% in premarket trading this morning, at $88.10. The 52-week range is $59.15 to $91.95. Thomson Reuters had a consensus analyst price target of $95.89 before today’s report.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.