in this issue
Chemical Week Magazine :: Business & Finance :: United States/Americas
Monsanto Posts Profit Gains, Increases 2012 Outlook
5:59 AM MDT | April 6, 2012 | —Rebecca Coons
Strong demand for genetically modified corn seeds in the U.S. and Latin America bolstered Monsanto’s second-quarter results, and the company lifted its full-year guidance on anticipated acreage gains for its newest generation of corn and soybean traits. The company posted net income of $1.2 billion for the quarter ended February 29, up 19% from the year-ago quarter. Earnings of $2.24/share beat analysts’ consensus of $2.12/share, as reported by Thomson Reuters (New York). Sales increased 15%, to $4.7 billion. “Our strong U.S. selling season and...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee