UPDATE: Monsanto Posts Upbeat Q2 Earnings
Monsanto Co (NYSE: MON) reported a rise in its second-quarter profit.
Monsanto's quarterly profit surged to $1.67 billion, or $3.15 per share, versus a year-ago profit of $1.48 billion, or $2.74 per share. Its adjusted earnings came in at $3.15 per share.
Its revenue surged to $5.83 billion versus $5.47 billion. However, analysts were estimating earnings of $3.06 per share on revenue of $5.81 billion.
Monsanto shares gained 1.77% to $116.01 in pre-market trading.
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