Monsanto cuts first-quarter earnings guidance

Monsanto Co on Tuesday confirmed earlier guidance that its fiscal first quarter 2016 is expected to show an earnings-per-share loss in the 23-to-33 cent range, amid continued pricing weakness in glyphosate, fewer South American corn acres being planted and restructuring costs. Market consensus has been for the company's fiscal quarter ending Nov. 30 to have an earnings-per-share (EPS) gain of 6-cents, according to market analysts. Monsanto said Kerry Preete, its executive vice president of globa