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Monsanto profits slip 3%, maintains 2013 guidance

1:08 PM MDT | June 28, 2013 | —Rebecca Coons

Monsanto has reaffirmed its expectation in a 26 June release that 2013 fiscal-year earnings will increase more than 20% year-on-year (YOY), after reporting third-quarter earnings ahead of analysts’ estimates but down slightly from the year-ago quarter. China’s recent approval of Intacta RR2 soybean imports ‘unlocks new wave of growth.’ your caption here. Net income slipped 3%, to $909 million, reflecting a decreased contribution from the Brazil soybean business—excluded from results because of an ongoing dispute over Monsanto’s...

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