Monsanto Co. Earnings: Here’s Why Shares are Down Now

Monsanto Co. (NYSE:MON) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.39%.

Monsanto Co. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 1.84% to $1.66 in the quarter versus EPS of $1.63 in the year-earlier quarter.

Revenue: Rose 0.69% to $4.25 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Monsanto Co. reported adjusted EPS income of $1.66 per share. By that measure, the company beat the mean analyst estimate of $1.60. It missed the average revenue estimate of $4.41 billion.

Quoting Management: Rick Parod, president and chief executive officer, commented, “Record sales in our U.S. and international irrigation markets have led to record results through the first nine months of fiscal 2013. We expect a heavier mix of lower margin international sales in the fourth quarter as we continue to recognize revenue on the $39 million order in Iraq, which entered backlog in the second quarter.”

Key Stats (on next page)…

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