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Monsanto Boosts 2008 Forecast

7:24 AM MDT | March 26, 2008

Monsanto says it has raised its fiscal second-quarter and full-year 2008 outlook, reflecting the company's leading corn market share positions, accelerated penetration of trait technologies, and strength of Roundup and other glyphosate-based herbicides. Monsanto raised second-quarter guidance to $1.75/share, well ahead of the First Call mean of $1.34/share. The company has also raised its full-year 2008 outlook from $2.70-$2.80/share, to $3.15-$3.25/share, compared to the First Call mean of $2.88/share. Both second-quarter and full-year earnings per share exclude...

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