Friday, February 12, 2010

Monsanto (NYSE: MON) Will Meet Profit Targets

Monsanto (NYSE: MON)

Monsanto Co. announced this week that the profit targets they set for themselves should be reached for the year.

After taking charges for restructuring, the company said they're on track for earnings of $3.10 to $3.30 a share in 2010.

Thomson Reuters analysts had estimates at the high end of those Monsanto projections, with expectations of $3.28 a share.

As for their crop strategy, they are focused primarily on soybean and corn products going forward, and are continuing to look forward to increasing growth in Latin American countries; their major growth markets.

Monsanto (NYSE: MON)

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