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Monsanto bullish despite flat third quarter

Monsanto's sales rose by just 0.7% to $4,248 million in the third quarter of its fiscal 2013, but nine-month revenues were up 11% and the company is bullish about its growth prospects for the full year and the years ahead. "This is a year where the strength of our global portfolio has really been highlighted, and with continued strength of our larger, more global business, we're on track to deliver more than 20% ongoing earnings growth in fiscal year 2013 and in a very strong position to build on that success with continued growth next year," says chairman and CEO Hugh Grant.

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