UPDATE: Monsanto Posts Upbeat Q1 Profit

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Monsanto Co (NYSE: MON) reported a rise in its fiscal first-quarter profit.Monsanto's quarterly earnings surged to $339 million, or $0.63 per share, from $126 million, or $0.23 per share, in the year-earlier period. Its total net sales climbed to $2.94 billion from $2.44 billion. However, analysts were expecting earnings of $0.36 per share on revenue of $2.64 billion.Monsanto shares gained 4.15% to $99.88 in pre-market trading.

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