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Monsanto Earnings Drop On Lower Corn Seed Sales, Agricultural Headwinds

2015-01-07 16:38:15| Chemicals - Topix.net

Seed manufacturer Monsanto reported a sharp decline in first quarter earnings Wednesday, pointing to lower corn seed sales in South America and current headwinds in agriculture. Net profit was down 34% to $243 million, or 50 cents per share, compared to $368 million, or 69 cents per share, a year ago.

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