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Chemical Week Magazine :: Business & Finance :: United States/Americas

...Boosts Full-Year Outlook

11:40 AM MDT | June 1, 2012 | —Rebecca Coons

Monsanto increased its profit outlook for its 2012 fiscal year ending Aug. 31, citing anticipated strong seed sales through the end of the North and South American growing seasons. The company expects earnings of $3.65-$3.70 for its fiscal year ending August 31, 4.5% higher than its prior guidance, and 24% above fiscal year 2011 earnings of $2.96/share. Analysts’ estimates were for $3.56/share, as reported by Thomson Reuters (New York). Monsanto also expects earnings growth for fiscal year-2013 to be in the “mid-teens.” The company says growth...

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