NEWS
Monsanto Fiscal 3Q Profit Slips 3%
Wed Jun 26, 2013 10:56 AM CDT

(Dow Jones) -- Monsanto Co.'s fiscal third-quarter profit slipped 3% as the world's largest seed company saw weaker seed sales and higher input costs, though adjusted earnings climbed above expectations.

For the quarter ended May 31, Monsanto reported a profit of $909 million, or $1.68 a share, compared with a year-earlier profit of $937 million, or $1.74 a share. Excluding one-time items, per-share earnings rose to $1.66 from $1.63 a year earlier. The company in May had forecast a profit of $1.55 to $1.60 a share.

Last month, Monsanto had said its third-quarter results would likely reflect the continued effect ...

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