Q3 Earnings Bloodbath Continues With Terrible Monsanto Results: Company Fires 2,600 As It Boosts Buyback

Q3 Earnings Bloodbath Continues With Terrible Monsanto Results: Company Fires 2,600 As It Boosts Buyback:

It had been quite a downcast start to the third quarter earnings season following very disappointing earnings from Illumina, Adobe and Yum Brand. Then Moments ago agri-giant Monsanto made it four out of four when it reported absolutely terrible results, cut guidance, but at least announced a new $3 billion stock buyback, one that will soak up all the company’s net cash flow. The cost of all of this: some 2,600 worker terminations.

1 thought on “Q3 Earnings Bloodbath Continues With Terrible Monsanto Results: Company Fires 2,600 As It Boosts Buyback”

Leave a Reply to squodgy Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.