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Monsanto raises earnings forecast

Strong selling seasons for Monsanto’s agrochemicals and genetically modified crops in the northern and southern hemispheres have prompted the company to raise its earnings forecast for fiscal 2012. It expects ongoing earnings per share (EPS) to grow by up to 25% to $3.65-3.70 for the year ending August 31st 2012, or $3.73-3.78 on a reported basis. In early April, Monsanto forecast full-year EPS to amount to $3.49-3.54 on an ongoing basis or $3.45-3.50 on a reported basis ( Agrow No 638, p 4).

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