Thursday, January 03, 2008

Monsanto's Big Numbers

The more I read about the green economy the more I think companies like Monsanto will be winners going forward. It seems like they are showing us the money as well judging by these really good numbers which blew away analysts by 11 cents a share.
The St. Louis-based company, which manufactures bio-engineered seeds and
agricultural products, smashed Wall Street's expectations with its first quarter
profit report. On Thursday, Monsanto (nyse:
MON
-
news - people ) said profits surged 184.4% to $256 million, or 46 cents a share,
from $90 million, or 16 cents a share, for the year ago period. Meanwhile, sales
ticked up 36.4% to $2.1 billion, from $1.5 billion. Analysts expected profits of
35 cents a share on sales of $1.87 billion.

No comments: