IHS Chemical Week

People & Business :: Companies

Monsanto’s Third-Quarter Earnings Soar

4:36 AM MDT | August 7, 2007 | Nancy Seewald

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...

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