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Monsanto cuts profit view on restructuring costs

Monsanto Co. on Tuesday cut its earnings guidance for its newly-started fiscal year, as the agricultural company ramps up its restructuring efforts.

Monsanto said it now expects earnings of $4.00 to $4.66 a share, down from the $4.44 to $5.01 a share it had forecast last month.

Monsanto said it is aiming to cut $200 million in costs, with total savings expected to come in at $500 million by the end of its 2018 fiscal year. Monsanto gave the guidance ahead of an investor...