Monsanto Co. boosted its fiscal 2008 earnings guidance for the third time in as many months, citing seed sales and gains made by its herbicide business.
The agribusiness giant now projects fiscal-year earnings of $3.15 to $3.25 a share, up 45 cents from last month's forecast.
It also sees fiscal second-quarter earnings of $1.75 a share, excluding a 23-cent gain related to former unit Solutia's bankruptcy. The mean estimates of analysts surveyed by Thomson Financial were for earnings of $1.35 for the quarter and $2.87 for the year....MORE
