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Monsanto Lifts Third-Quarter and Full-Year Guidance...

1:38 PM MDT | July 30, 2007 | Chemical Week Editorial Staff

Grant: Set up for strong growth. Monsanto says it expects its third-quarter earnings to be $1.00/share, higher than analysts’ estimates of 76 cts/share. Monsanto has also lifted its earnings guidance to $1.75-$1.80/share for its fiscal-year ending August 31, citing the strength of its U.S. corn seed and traits business and “significant” purchases of Roundup and other herbicides. The company had previously reported an expected earnings range of $1.60-$1.65/share. The consensus of analysts’ estimates is for $1.69/share, as reported by First...

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