Monsanto in operating loss

GLOBAL agribusiness company Monsanto posted a smaller-than-expected fourth-quarter loss and said it would restate financial results for 2009, 2010 and prior 2011 quarters due to issues with its glyphosate herbicide business.

The company yesterday posted a fourth-quarter net loss of $112m, or 21 cents a share.

The loss from continuing operations was 22 cents a share. On that basis, analysts had expected a loss of 27 cents a share.