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Stock Market & Financial Investment News

News Breaks
June 25, 2014
09:00 EDTMONMonsanto announces intention to begin debt offering
Monsanto Company announced that it intends to begin a public offering of senior notes in the near term, subject to market and business conditions and other prevailing factors. The company indicated that it currently intends to use the net proceeds from the debt offering to repurchase its common shares pursuant to its existing and recently announced share repurchase programs, which may include accelerated share repurchase programs, open market transactions, or other purchase techniques, and to the extent there are any remaining proceeds for other general corporate purposes.
News For MON From The Last 14 Days
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October 16, 2014
14:13 EDTMONU.S farmers use less fertilizer this autumn as crop prices fade, Reuters says
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October 13, 2014
07:45 EDTMONU.S. chemical company declines an overreaction to macro outlook, says UBS
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October 12, 2014
17:20 EDTMONGE, Splunk, Cisco, others could benefit from Internet of Things, Barron's says
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October 10, 2014
12:05 EDTMONUSDA raises U.S. corn production estimate to 14.475B
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October 8, 2014
08:29 EDTMONMonsanto targets at least double ongoing EPS by FY19
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08:08 EDTMONMonsanto sees Q1 earnings roughly half last year, FY15 growth concentrated in Q3
Monsanto said, "As its business has expanded globally over the past several years, the company has seen its earnings flow evolve between quarters. This trend continues in FY15 as the company anticipates an overall shift in its full-year earnings pattern, as several structural factors result in a full-year earnings flow with a smaller first quarter and a concentration of growth in the third quarter. With macro conditions resulting in lower planted acres for key regions in both corn and cotton in the quarter, combined with a timing shift as the company moves more of its Agricultural Productivity business to branded-product sales, Monsanto expects its first quarter will be roughly half of the total earnings from the first quarter of 2014. Beyond the first quarter, the biggest first half timing effect relates to the evolution in its Channel seed brand business model that is expected to shift business timing from the first and second quarters to the third quarter. The company expects second quarter earnings to be relatively flat year-over-year with a significant uptick in third quarter earnings reflecting the timing shifts and business growth in its largest markets. The earnings flow is punctuated by a fourth quarter that is expected to be break-even to positive year-over-year on an absolute basis."
08:06 EDTMONMonsanto reports Q4 Seeds and Genomics sales $1.376B
Reports Q4 Agricultural Productivity sales $1.254B. Hugh Grant, chairman and CEO for Monsanto, said, “In an industry that’s particularly near-term focused right now, there are few companies as well positioned to deliver strong growth today while significantly increasing investments to enable the continued delivery of a broad range of innovative solutions for tomorrow.”
08:04 EDTMONMonsanto sees FY15 EPS $5.75-$6.00, consensus $6.03
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08:02 EDTMONMonsanto reports Q4 ongoing EPS (27c), consensus (24c)
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