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Monsanto’s Income Fell by Nearly Half for Year

Executives of Monsanto told skittish investors on Wednesday that earnings per share would grow 13 to 17 percent in the next fiscal year and that the company was on its way to fixing problems in its seed business that have undermined the confidence of Wall Street.

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Peter Newcomb/Reuters

Engineered seeds of soybeans, corn and other crops constitute most of the company's business.

The remarks, in line with some previous assurances by company executives, were made as Monsanto reported that net income for the year that ended Aug. 31 had dropped by nearly half from a year earlier.

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