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Monsanto Posts Strong Second Quarter; Plans Glyphosate Investment
11:46 AM MDT | April 2, 2008 | Michelle Bryner
Monsanto reported net income for the second quarter of $1.13 billion ($2.02/share), more than double net income of $543 million for the year-ago quarter, on sales up 45%, to $3.8 billion. Excluding the impact of Solutia’s emergence from bankruptcy, Monsanto recorded earnings-per-share of $1.79/share, exceeding the company's guidance of $1.75/share, and ahead of analysts’ consensus estimate as reported by First Call (Boston) of $1.72/share. Monsanto's seeds and genomics unit posted operating income of $1.63 billion, up 37% over they year-ago period, on...
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