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Monsanto lifts 2013 outlook after strong first quarter

9:28 AM MST | January 11, 2013 | —Rebecca Coons

Seed strength: Monsanto lifts full-year outlook. Monsanto has raised its 2013 earnings outlook as strong corn seed and traits sales and glyphosate pricing helped fiscal first-quarter profits trample analyst estimates. The company posted net income of $339 million (62 cts/share) for the quarter ended 30 November, up from $126 million in the year-ago period, on “significant contribution from the corn seed and traits business, led by the corn opportunity acceleration in Latin America and strong shipments in the United States,” Monsanto says. Analysts had...

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