Wednesday, April 3, 2013

Monsanto Co.'s sales increase 15 percent to $5.47 billion, led by genetically modified corn seeds, the company's best-selling product

WASHINGTON (AP) — Monsanto reported Wednesday that its income increased 22 percent in the agriculture products company's second quarter on strong sales of biotech seeds, particularly in Brazil and other emerging markets.
The company boosted its full-year earnings guidance, citing its strong performance in the first half of the year.
Its shares edged higher in morning trading.
The St. Louis company said it earned $1.48 billion, or $2.74 per share in the three months ended Feb. 13, up from $1.21 billion, or $2.24 per share, in the same quarter a year ago.

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