Chemical Week Magazine :: Business & Finance :: United States/Americas
Monsanto Boosts Full-Year Outlook
1:28 PM MDT | April 2, 2008 | Michelle Bryner
Monsanto has raised its second-quarter and full-year outlook, citing accelerated penetration of biotech trait technologies for seeds, and strong demand for Roundup brand and other glyphosate-based herbicides. The company expects second-quarter earnings to be $1.75/share, beating First Call (Boston) analysts’ consensus estimates of $1.34/share. Grant: Growth from seeds-and-traits. Monsanto raised its full-year 2008 outlook to $3.15-$3.25/share, from $2.70-$2.80/share, and well ahead of First Call’s estimates of $2.88/share. Monsanto’s stock price...
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