Investing.com - Monsanto, the world’s largest seeds company, reported a worse-than-expected fourth quarter loss early Wednesday, sending its shares lower in pre-market trade.
Earlier in the day, in its fourth quarter earnings report, Monsanto reported a loss of USD0.47 per share, compared to forecasts for a loss of USD0.43 per share.
The company’s fourth quarter revenue totaled USD2.2 billion, below expectations for revenue of USD2.25 billion.
Following the release of the report, Monsanto shares fell 3.2% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets was lower. The Dow Jones Industrial Average futures indicated a loss of 0.35% at the open, S&P 500 futures pointed to a decline of 0.5%, while the Nasdaq 100 futures indicated a drop of 0.3%.