Wednesday, October 5, 2011

Monsanto beats earnings estimates...

Monsanto (MON): FQ4 EPS of -$0.22 beats by $0.05. Revenue of $2.25B (+15.1% Y/Y) beats by $360M.  Sees FY12 mid-teens earnings growth to a range of $3.34-$3.44 EPS, boosted by above normal business in Latin America for Q1. The Seeds and Genomics segment is expected to kick in single-digit unit growth to derive gross profit in a range of $5.7B-$5.85B for the year.

Monsanto is up over $1 premarket.

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