Nasdaq, Monsanto returned to earnings per share growth

With strong first quarter results Monsanto Company delivered higher earnings per share (EPS) than the prior year.

monsanto company nasdaqIn the first quarter, Monsanto Company (NYSE: MON) delivered higher earnings per share (EPS) than the prior year thanks to the strength of the company’s South American business. In 2017, the company remains focused on delivering on its operational plan and key business milestones while simultaneously working with Bayer on the necessary steps to finalize the deal to merge the companies, which is targeted for the end of calendar year 2017.

HIGHLIGHTS

Delivered as-reported earnings per share of $0.07 and earnings per share on an ongoing basis of $0.21; above the prior year ongoing loss as expected

Company guides to full-year as-reported earnings per share of $3.97-to-$4.45 and reconfirms $4.50-to-$4.90 for ongoing earnings per share

Industry-leading R&D pipeline delivers more than 20 advancements for fourth consecutive year with a record 14 projects advancing to launch

Intacta RR2 PRO™ penetration in South America drives increase of approximately 50 percent in soybean gross profit in the first quarter; corn gross profit grew significantly.