Monsanto Co. turned in fourth-quarter results Wednesday that topped Wall Street’s expectations. The world’s biggest seed company also disclosed that it is restating earlier years’ results in response to a Securities and Exchange Commission investigation of its herbicide sales practices.
In the fiscal quarter ended Aug. 31, the St. Louis company reported a net loss of $112 million, or 21 cents per diluted share. That is slightly better than the 27 cents per share loss analysts had anticipated. Revenues, at $2.25 billion, also modestly topped Wall Street’s predictions.