By Sell Puts
Shares of Monsanto,ticker: MON, are down nearly 5 percent this AM as the company stated it expects yearly earnings to come in at the lower end of the range. The company also stated they are laying off 700 employees.
This year's earnings for Monsanto are expected to come in $2.40 per share and $2.45 per share for the fiscal year that ends Tuesday.
Monsanto is scheduled to release fourth-quarter and full-year earnings on Oct. 6
(Barrons Writes) "The company plans to further restructure its herbicide business, called “Roundup,” and the cost to do so will be reflected in a one-time charge of 22 cents per share that will be split across the current quarter and part of next year, the company said."
52wk Range: 44.61 - 87.06
