Monsanto (MON) Boosts Q112 EPS to $0.15-$0.20 vs. $0.10-0.15 Prior

Monsanto Company (NYSE: MON) today increased its expected earnings per share guidance for the first quarter of fiscal year 2012 and reaffirmed its full-year guidance, confirming its mid-teens earnings growth outlook for the year. The company now expects first-quarter ongoing and as-reported earnings per share in the range of $0.15 to $0.20, an increase from the previous guidance of the high end of the $0.10 to $0.15 range. The Street sees earnings of $0.13 per share.

Full year earnings per share and cash flow guidance are unchanged. Earnings per share for the full fiscal year are expected in the range of $3.34 to $3.44 on an ongoing and as-reported basis. The company projects free cash flow in the range of $1.3 billion to $1.5 billion for fiscal year 2012, with net cash provided by operating activities to be $2.2 billion to $2.5 billion, and net cash required by investing activities to be approximately $900 million to $1 billion.

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