“Monsanto Co. on Wednesday reported a loss of $156 million in its fiscal fourth quarter.
The St. Louis-based company said it had a loss of 31 cents per share. Losses, adjusted for non-recurring costs, came to 27 cents per share.
The results missed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 24 cents per share.”
The news comes as Monsanto continues to spend millions in attempts to stop GMO labeling campaigns around the nation, funding opposition groups and ensuring that you don’t know what’s in your food. After all, there’s a reason that 96% of Monsanto shareholders absolutely do not want GMO labeling legislation to pass within the US — it could hurt business.
As information continues to spread on key issues like the prevalence of toxic substances within fast food meals and the reality behind GMOs and their secrecy, there is no doubt that these two companies (and many others) will experience the economic backlash. Will they change in order to meet the new economic shift?