Monsanta Shares Down Sharply On Earnings Outlook (MON)

Shares of Monsanto

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 52wk Range: 44.61 - 87.06