The Canadian PressApril 2, 2014 09:18
ST. LOUIS - Monsanto's second-quarter earnings jumped 13 per cent on strength from its core seeds and traits business.
The agriculture products company topped Wall Street expectations for both profit and revenue, sending shares higher before the opening bell Wednesday.
Monsanto earned $1.67 billion, or $3.15 per share, 7 cents better than what analysts polled by FactSet had projected. A year ago, the company earned $1.48 billion, or $2.73 per share.
The performance was particularly strong, given the slow start to a quarter in which winter storms delayed shipments.