Monsanto Co. Earnings: Here’s Why Investors are Bidding Up Shares

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%.

Earnings send some stocks higher and others lower. Discover which stocks are winning now.

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.

Outlook: The company raised its full year ongoing EPS guidance to $4.30 to $4.40 per share, positioning the company for a third straight year of strong ongoing earnings growth. Full-year 2013 EPS guidance on an as-reported basis is expected in the range of $4.31 to $4.41 per share.

Key Stats:

Revenue increased 40.13% from $2.1 billion in the previous quarter. Net income increased to $339 million in the quarter versus a net loss of $229 million in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $2.57 to a profit $2.6. For the current year, the average estimate has moved up from a profit of $4.39 to a profit of $4.43 over the last ninety days.

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(Company fundamentals provided by Xignite Financials.)

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