Monsanto Raises Full-Year View
Wed May 30, 2012 09:30 AM CDT

(Dow Jones) -- Monsanto Co. raised its earnings outlook for the fiscal year and forecast higher-than-expected fiscal third-quarter profit as the company reported strong seed sales in North and South America.

Shares were up 2% at $76.25 in premarket trading.

The St. Louis seed producer's updated guidance resolves questions about its strong second-quarter, which came amid an unusually early planting season. The company's chief financial officer said in April it was unclear to what extent the strong second-quarter sales were a matter of timing, and whether that would detract from third-quarter sales.

With greater clarity on the U.S. and European ...

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