Monsanto Co. (MON) said that it is on track in its operational path to reach its 2012 financial commitments. For the first-quarter, the company expects ongoing loss per share to be in the range of $0.05 or better. The company expects loss to be in the range of $0.04 - $0.07 per share. Analysts polled by Thomson Reuters expect the company to report breakeven per share for the first-quarter. Analysts' estimates typically exclude special items.
For the first quarter, the company confirmed free cash flow guidance to be a use of cash on the order of $1.8 billion, primarily reflecting the year-over-year decrease in the glyphosate business.
Monsanto reaffirmed full-year 2010 ongoing earnings per share guidance in the range of $3.10 - $3.30. Monsanto still expects full-year 2010 reported earnings to be in the range of $2.85 - $3.11 per share. Analysts expect the company to report earnings of $3.29 per share for fiscal 2010.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.