logo
Share SHARE
FONT-SIZE Plus   Neg

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

Monsanto Co. (MON) 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

Quick Facts

Editors Pick
Shares of easyJet Plc were gaining around 6 percent in the morning trading in London after the airline reported higher revenues, traffic and capacity in its fiscal 2017, despite weak profit. Looking ahead, the company projects capacity growth in fiscal 2018. Following his twelve-day trip to Asia, President Donald Trump announced Monday the U.S. is putting North Korea back on a list of state sponsors of terrorism. Trump announced the move in comments ahead of a Cabinet meeting and said his administration would also be ramping up sanctions on North Korea. Volkswagen plans to invest about 22.8 billion euros in its core brand from 2018 to 2022, with main focus on e-mobility and modularization. In a statement on Saturday, the German automaker announced that the investments, as part of the brand's Transform 2025+ strategy, will significantly boost the brand's largest product and technology offensive.
comments powered by Disqus
Follow RTT