Monsanto (NYSE:MON) announced that it lost 44 cents a share in the most recent fiscal quarter versus a 42 cent loss is the same period last year, two cents below analyst estimates. Revenue fell by 6% to $2.11 billion, below estimates of $2.25 billion. Monsanto projects EPS of $4.18 to $4.32 per share for the year, below average estimates of $4.38.
Shares are trading lower by about 1.5 percent.
Competition from rival DuPont (NYSE:DD) as well as lower priced Chinese rivals have been taking some market share away from Monsanto.
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