Monsanto (MON) Cuts FY15 EPS Outlook into BofA Conference

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Despite Moderating Near-Term Outlook, Strength of Core Business, New Platforms and Financial Discipline Continue to Back Confidence in Long-Term Growth Opportunity for Monsanto

March 2, 2016 8:00 AM EST

Near term, with deteriorating macro environment, company revises full-year ongoing EPS guidance to $4.40 to $5.10; full year as-reported guidance to $3.42 to $4.29 Beyond FY16, key variables and growth drivers reinforce outlook and opportunity for a baseline mid-teens compounded annual growth rate in its ongoing EPS from the mid-point of its FY16 outlook through FY19 With continued strong grower demand, Intacta RR2 PROTM soybeans tracking to 35 million acres across South America; Initial shipments of Roundup Ready 2 XtendTM soybeans underway following China import approval with strong grower demand,... More