Agriculture Giant Monsanto Posts Monster Earnings and the Stock Is Surging

Agriculture Giant Monsanto Posts Monster Earnings and the Stock Is Surging

 

Monsanto shares are soaring after the company reported earnings and revenues that exceeded analysts’ estimates.  The company experienced a large boost in the 4th quarter from a 27% increase year over year in corn seed sales reaching $1.1 billion largely in the Brazilian and Argentinian markets, and gains made in its agriculture productivity business.  Reports indicate Monsanto had revenues of $2.94 billion exceeding its projection of $2.64 billion, and reported earnings of 0.62 per share versus the expected 0.36 per share.

 

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