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Monsanto Raises 2008 Earnings Outlook On Strong Performance

 
Wallace Witkowski
MarketWatch Pulse
     

    SAN FRANCISCO -- Monsanto Co. said Thursday it raised its outlook for 2008 because of strong performance in its herbicide and seeds businesses. Monsanto said it now expects ongoing 2008 earnings in the range of $3.64 a share, and reported earnings in the $3.59 range. In September, the company had estimated ongoing 2008 earnings in the $3.58 to $3.60 a share range, and reported earnings in the $3.49 to $3.51 a share range. Analysts surveyed by FactSet Research estimate 2008 earnings of $3.49 a share.

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    A specialist is a member of a stock exchange who works as an auctioneer for a specific stock and/or stocks. It can be an individual, partnership, corporation or group of firms.

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