Just as one missed quarter often leads to a few more missed quarters as analysts struggle to recalibrate their expectations, so too does it work on the positive side. Right now Monsanto (MON) is enjoying a resurgence as the company moves on from marketing and pricing missteps that gave new hope to DuPont (DD) and Syngenta (SYT). Not only are the company's yield advantages reestablishing its leading position, but the company continues to advance a pipeline that could deliver multiple blockbusters through the end of the decade.
Another Beat And Raise
Monsanto delivered 15% revenue growth for its fiscal second quarter, as both seed and herbicide revenue came in ahead of expectation. Strong corn plantings and renewed momentum vis a vis DuPont helped fuel nearly 18% growth in corn, while soybean revenue rose 12%.
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Monsanto Reaping A Better Harvest
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