Agribusiness concern Monsanto (MON) took another solid step forward in repairing its relationship with the Street on Thursday morning, reporting earnings that were nicely ahead of even the highest published estimates from the Wall Street community. With seed demand apparently running strong, the herbicide business stabilized, and a fast-developing pipeline, Monsanto is looking really good heading into 2012.
A Great Result In A Bad Quarter
Monsanto's first quarter is usually a seasonably OK one – a quarter where there is little activity in North America, but where Latin America is becoming increasingly important. This time around, though, results were good. Revenue jumped 33%, with 32% growth from seeds and 34% growth from the herbicide business.
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Monsanto Looks Forward To More Growth
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