UPDATE: Monsanto Posts Upbeat Q1 Profit
Monsanto Co (NYSE: MON) reported a rise in its fiscal first-quarter profit.
Monsanto's quarterly profit surged to $368 million, or $0.69 per share, versus a year-ago profit of $339 million, or $0.63 per share.
Its net sales jumped to $3.14 billion from $2.94 billion. However, analysts were projecting earnings of $0.64 per share on sales of $3.07 billion.
Monsanto reaffirmed full-year 2014 earnings of $5.02 to $5.22 per share.
Monsanto shares closed at $113.24 yesterday.
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