Monsanto earnings lowered; jobs cut - KWWL - Eastern Iowa Breaking News, Weather, Closings

Monsanto earnings lowered; jobs cut

Posted:

NEW YORK, NY (KWWL) -- Monsanto says it expects full year earnings at the low end of its previous expected range. The world's largest seed company is also cutting up to 700 more jobs.  The St. Louis company expects ongoing earnings between $2.40 per share and $2.45 per share for the fiscal year that ends Tuesday.  The previous expected range was $2.40 to $2.60 per share.  Monsanto also says it's cutting about 650 to 700 more jobs as it continues to restructure its business.

Online AnchorBob Waters

Powered by Frankly