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Monsanto Beats Estimates, Lifts Forecast

7:33 AM MDT | June 29, 2011 | Rebecca Coons

Monsanto reported net income of $680 million ($1.26/share) for the quarter ended May 31, 77% higher than the year-ago quarter, on strong seeds and traits demand in the U.S. and Latin America and strong volume growth in glyphosate. Analysts had expected the company to post $1.10/share for the quarter, as reported by Thomson One (New York).  Sales increased 21%, to $3.6 billion....

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