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Biotech sales help double Monsanto earnings Q2 to $295m.
(From Irish Independent)
MONSANTO said yesterday that Q2 earnings doubled as sales of seeds and biotechnology traits more than offset sluggish sales of herbicides and other agricultural products.
For the period ending June 30, the St Louis-based company posted profits of $295m, or $1.12 cents per share, up from $147m, or 56cents per share, a year ago.
The latest results exceeded the $1.02 per share consensus forecast of analysts surveyed by Thomson First Call.
"Our results in the second quarter were anchored by strong and steady growth in our seeds and biotechnology traits businesses," president and chief operating officer HughGrant said. "We also continued to effectively manage our ...
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