ROSARIO, Argentina (AP) — ROSARIO, Argentina (AP) — Bioceres Crop Solutions Corp. (BIOX) on Monday reported a loss of $5.4 million in its fiscal first quarter.
The Rosario, Argentina-based company said it had a loss of 9 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.
The company posted revenue of $92.6 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $117.1 million.
Bioceres Crop shares have fallen 53% since the beginning of the year. The stock has declined 39% in the last 12 months.
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