logo
Share SHARE
FONT-SIZE Plus   Neg

Monsanto Posts Higher Q2 Profit; Ups FY12 EPS View - Quick Facts

Monsanto Co. (MON: Quote) posted an improvement in its second-quarter net income attributable to the company to $1.21 billion from year-ago quarter's $1.02 billion, with quarterly earnings per share growing to $2.24 from $1.88 last year, helped by the strong performance of the seeds and traits business and the timing of an early U.S. season.

Earnings per share from ongoing business for the recent quarter were $2.28, higher than $1.87 in the comparable period. On average, 20 analysts polled by Thomson Reuters expected earnings per share of $2.12 for the quarter. Analysts' estimates typically exclude one-time items.

Net sales totaled $4.75 billion compared with $4.13 billion in the previous year, while 13 analysts estimated revenues of $4.53 billion for the quarter.

For fiscal 2012, the company currently sees earnings per share of $3.45 - $3.50 on a reported basis and $3.49 - $3.54 on an ongoing basis. Previously, the company estimated to achieve $3.39 - $3.44 of ongoing and as-reported earnings per share for fiscal 2012. Twenty-two analysts project earnings of $3.51 per share for the full year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
International Business Machines Corp. said Monday after the markets closed that its first quarter profit fell 2.4% from last year, as improved margins could not offset a 12% decrease in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Norway is all set to shut down FM radio in 2017, Radio.no reported. The Nordic country will be the first to scrap as it plans a shift to Digital Audio Broadcasting. The trailer of Star Wars: The Force Awakens, the latest installment from epic space film franchisee created by George Lucas, has sent both fans and Disney investors into a frenzy. Walt Disney Co.'s (DIS) market capitalization, which now owns the Star Wars franchisee, was boosted by about $2 billion...
comments powered by Disqus
RELATED NEWS
Trade MON now with 
Follow RTT