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.