Monsanto Co. (NYSE:MON) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.47%.
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Monsanto Co. Earnings Cheat Sheet
Results: Net income increased to $339 million (63 cents per diluted share) in the quarter versus a net gain of $126 million in the year-earlier quarter.
Revenue: Increased to $2.939 billion from $2.439 billion in the year-earlier quarter.
Actual vs. Wall St. Expectations: Monsanto Co. reported adjusted net income of 63 cents per share. By that measure, the company beat the mean analyst estimate of $0.37. It beat the average revenue estimate of $2.64 billion.