Monsanto (MON) Tops Q2 EPS by 40c; Sees FY EPS at High End

Monsanto (NYSE: MON) reported Q2 EPS of $3.19, $0.40 better than the analyst estimate of $2.79. Revenue for the quarter came in at $5.07 billion versus the consensus estimate of $4.73 billion.

GUIDANCE:

Monsanto sees FY2017 EPS at high end of $3.95-$4.44, versus the consensus of $4.76.

• Company delivers FY17 second quarter as-reported EPS of $3.09 and ongoing EPS of $3.19
• Full year 2017 EPS guidance now expected to be at high end of the range of $3.95 to $4.44 on an as-reported basis and $4.50 to $4.90 on an ongoing basis
• Roundup Ready 2 Xtend® soybeans now expected to reach 18 million U.S. acres; INTACTA RR2 PROTM soybeans anticipated to expand to 45 to 55 million acres in South America
• Continue to expect growth in global corn platform, led by price increases in local currency in South America
• Climate FieldViewTM platform on pace for 25 million paid acres

For earnings history and earnings-related data on Monsanto (MON) click here.

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