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Monsanto tops estimates on strong soybean results
2:06 PM MDT | April 4, 2014 | Rebecca Coons
Soybean sales and margin expansion lifted Monsanto's second-quarter results above expectations, and the company reaffirmed its fiscal 2014 guidance of mid-teens earnings growth. The company reports net income of $1.67 billion for its fiscal second quarter ended 28 February, 12.7% higher year-on year (YOY). Earnings per share of $3.15 beat a $3.07 consensus of analysts' estimates compiled by Thomson Reuters. Sales increased 6.6% YOY, to $5.8 billion, led by a 6.9% YOY increase in seeds and genomics revenues. "Nearly 80 percent of our growth in the...
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