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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