date:Jun 28, 2012
r. In May, the company forecast a per-share profit of $1.57 to $1.62.
Net sales rose 17% to $4.22 billion, while analysts surveyed by Thomson Reuters predicted earnings of $767 million on revenue of $4 billion.
Monsanto's seed business--the company's biggest top-line contributor--saw an 18% increase in sales to $3.13 billion. The segment's growth was led by its corn and soybean portfolios, which offset weaker earnings in its vegetable-seed business. Cotton sales were up slightly.