March 2, 2016 / 1:26 PM / a year ago

Monsanto slashes 2016 earnings forecast

March 2 (Reuters) - Monsanto Co, the world's largest seed company, slashed its 2016 earnings forecast, citing a strong dollar and pricing pressure.

The company said on Wednesday it now expects adjusted earnings per share of $4.40-$5.10, compared with the $5.10-$5.60 it had forecast in December.

Monsanto said about 25-30 cents of the reduction in the earnings per share outlook was due to the impact of the stronger dollar. (Reporting by Amrutha Gayathri in Bengaluru; Editing by Saumyadeb Chakrabarty)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below