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Monsanto Raises Full-Year Guidance on Strength in Seeds

9:48 AM MDT | September 16, 2008 | Nancy Seewald

Monsanto has raised its full-year guidance, citing higher than expected sales and gross profit in its seeds and traits business. The company expects ongoing earnings of $3.58/share-$3.60/share, up from previous guidance of $3.37/share, and above analysts’ consensus $3.45/share, as reported by First Call (Boston). The company says it expects its seeds and traits business to generate about $3.8 billion in gross profit this year, 3% higher than previously expected and 26% over last year’s results. The increase reflects higher than expected sales in its...

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