New 52-Week Low for Monsanto (MON)

Monsanto Company (NYSE:MON) shareholders are running for the exits as the stock hit $48.16 today before making it back to $49.  The downswing in Monstanto is due to the company reducing their 2010 outlook.

(Benzinga.com)  The company announced that it expects fiscal year 2010 earnings per share to be around $2.40 to $2.60 on an ongoing basis, and $2.15 to $2.41 on an as-reported basis. Earlier this month Monsanto had said its 2010 profit per share would be at the low end of a range of $3.10 to $3.30.

Free cash flowFree cash flow in 2010 is now expected to be $400 million to $500 million. Last month the company said free cash flow would be $900 million to $1 billion in 2010.

The company announced it would "drastically narrow" its Roundup portfolio and lower prices to be more in line with generics.

SOURCE: http://www.benzinga.com/markets/company-news/10/05/303960/monsanto-cuts-...