By midafternoon, shares had climbed 4.9% to $126.49. Trading volume of 8.5 million shares was nearly four times its three-month daily average.
In its May-ended quarter, the company earned $1.62 a share, 6 cents higher than what analysts surveyed by Thomson Reuters expected. However, revenue of $4.25 billion was shy consensus of $4.4 billion.
Must read: Warren Buffett's 25 Favorite StocksSTOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. ---------------- Separately, TheStreet Ratings team rates MONSANTO CO as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation: "We rate MONSANTO CO (MON) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
- You can view the full analysis from the report here: MON Ratings Report