Monsanto’s Third-Quarter Earnings Soar

Monsanto posted its fiscal third-quarter earnings up 71% over the year-ago period, to $570 million ($1.03/share), citing increased revenues of corn seed and traits in the U.S. and glyphosate-based herbicides in Africa, Europe, and North America. Sales rose 23%, to $2.8 billion. Results were partially offset by lower cotton trait sales in the U.S., however, Monsanto says. The company beat analysts’ earnings estimates of $1.00/share. Monsanto’s seed and genomics business posted sales for the quarter up 31%, at $1.7 billion. Sales for the company’s...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers