Early pre-market the stock is up 3.1% at $69.03, here's the chart:
That's from New Low Observer who comments:
Below is an excerpt from a 1937 issue of Barron’s showing the price history of Monsanto (MON) from 1929 to 1937. The high price set in 1929 at $40 was marked down over 75% in 1932. Subsequent price movement brought the stock of Monsanto back to the 1929 high by the end of year 1933. By late 1935, Monsanto (MON) was just short of $100 a share....Current holders can dream, the stock is still off from the June 18, 2008 high of $145.8.
Here's the news, from the AP via KTAR (Phoenix):
Monsanto posts $680 million profit in 3rd quarter
Monsanto Co. says higher sales of genetically engineered seeds helped it nearly double its third-quarter profit.
The St. Louis company reported Wednesday its net income rose to $680 million, or $1.26 per share, for the quarter ended May 31, compared with $384 million, or 70 cents a share, a year ago.From Reuters:
It says revenue increased 21 percent to $3.59 billion.
Analysts surveyed by FactSet had expected net income of $1.10 per share on revenue of $3.4 billion....
Monsanto Company Raises FY 2011 EPS Guidance
Monsanto Company raised fiscal 2011 as-reported and ongoing EPS guidance. The company expects fiscal 2011 ongoing EPS in the range of $2.84 to $2.88 and fiscal 2011 EPS guidance on an as-reported basis is expected in the range of $2.82 to $2.86. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $2.82 for fiscal 2011.