(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 ...