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Monsanto Raises Full-Year Earnings Outlook

9:24 AM MDT | September 22, 2008 | Nancy Seewald

Monsanto has raised its full-year earnings estimates for the fiscal-year ended September 30, citing higher-than-expected sales and gross profit in its seeds and traits business. The company expects ongoing earnings of $3.58/share-$3.60/share, up from previous guidance of $3.37/share and from analysts’ consensus estimates of $3.45/share, as reported by First Call (Boston). Monsanto’s report implies a fiscal fourth-quarter loss of 8 cts-10 cts/share, says Kevin McCarthy, analyst at Bank of America (New York). Bank of America raised its fourth-quarter...

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