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Monsanto -5% after cutting earnings outlook
2016-03-02 15:19:18| Chemicals - Topix.net
MON now sees Q2 EPS of $2.35-$2.45 vs. $2.85 consensus cuts FY 2016 EPS guidance to $4.40-$5.10 from its earlier view of $5.10-$5.60 and below $5.16 analyst consensus, citing weak foreign currencies, generic glyphosate pricing, and compressed grower margins coming from lower commodity prices. MON also cuts its full-year free cash flow guidance range to $1.4B-$1.6B from $1.6B-$1.8B.
Tags: cutting
outlook
earnings
monsanto
Category:Chemicals