WASHINGTON (AP) -- Monsanto said its earnings fell more than 5 percent in the third fiscal quarter on lower biotech seed sales, but its performance topped Wall Street estimates and the company raised the lower end of its 2014 outlook. It also announced plans to repurchase $10 billion in shares.
The combination sent shares up more than 5 percent in morning trading Wednesday.
Monsanto Co. said the $10 billion share buyback will take place over two years. The company has about $1.1 billion remaining under its previous share buyback plan.
The St. Louis company said it earned $858 million, or ...