Monsanto ( MON) is trending after the seedmaker reported a 22% increase in fiscal second-quarter profit, beating expectations. The company reported earnings of $1.48 billion, or $2.74 a share, last quarter, compared to a profit of $1.21 billion, or $2.24 a share, a year ago. Excluding items, the company earned $2.73 a share, exceeding analysts' expectations of earnings of $2.58 a share. Monsanto's better-than-expected earnings were driven by solid cord seed and trait sales, which increased 16.5% from a year ago to $3.28 billion. The company raised its full-year guidance to earnings per share of $4.40 to $4.50 in the full year. Analysts had been looking for earnings of $4.58. It also confirmed free cash flow guidance of $1.8 billion to $2 billion.
Subaru is another popular search. The automaker is recalling about 200,000 Legacy and Outback vehicles due to brake problems. The recall pertains to model years 2005 through 2009 and vehicles sold in 20 states and Washington, D.C. Subaru said it is issuing the recall as salty water can cause the brake lines to rust and leak fluid. If that occurs, vehicles may have trouble stopping, which could lead to an accident.