Originally posted on 24/7 Wall St.:
Monsanto Co. (NYSE: MON) reported second-quarter fiscal 2013 results before markets opened this morning. The fertilizer and seed maker reported adjusted diluted earnings per share (EPS) of $2.73 on revenue of $5.47 billion. In the same period a year ago, Monsanto reported adjusted diluted EPS of $2.28 on revenue of $4.75 billion. Second-quarter results also compare to the Thomson Reuters consensus estimates for EPS of $2.58 and $5.27 billion in revenue.
On a GAAP basis, diluted second-quarter EPS totaled $2.74.
Monsanto’s chairman/CEO said:
Our performance underscores our expectation for a third consecutive year of strong earnings growth and reinforces our opportunities for the future as well. As we move into the second half of the year, we are thankful for the opportunity to serve our customers and continue to earn their business as a leader in this dynamic industry.
Monsanto once again raised its full-year EPS guidance. The…
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