This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Monsanto Cultivates Upside

Sales and earnings jumped in Monsanto's (MON - Get Report) third quarter, with both coming in ahead of estimates.

Monsanto earned $334 million, or $1.21 a share, in the quarter, compared with $47 million, or 17 cents a share, a year ago. Total sales were $2.35 billion in the latest quarter, up from $2.04 billion a year ago. On average, analysts were expecting earnings of $1.20 a share in the latest quarter on sales of $2.23 billion.

"Key drivers for the quarter were increased seeds and traits revenues in the United States, primarily driven by higher revenues from the company's soybean business, and greater farmer adoption of the company's corn products," Monsanto said.

Looking ahead, Monsanto reiterated full-year earnings guidance of $2.50 to $2.55 a share; the Thomson First Call consensus estimate is $2.60 a share.

"The company also confirmed that its guidance for free cash flow in fiscal year 2006 remains in the range of $825 million to $900 million, with net cash provided by operating activities in the range of $1.375 billion to $1.450 billion, and net cash required by investing activities of approximately $550 million."

Monsanto's shares closed at $76.64 Wednesday. Thursday morning, they were up 61 cents, or 0.8%, to $77.25.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
MON $116.70 -1.88%
AAPL $124.75 -1.13%
FB $80.78 -1.86%
GOOG $524.05 -1.83%
TSLA $206.79 0.04%


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs