ST LOUIS (AP) — Monsanto Co. (MON) on Thursday reported fiscal first-quarter earnings of $169 million.
The St. Louis-based company said it had net income of 38 cents per share. Earnings, adjusted for one-time gains and costs, were 41 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.
The agriculture products company posted revenue of $2.66 billion in the period.
Monsanto shares have increased 1 percent since the beginning of the year, while the Standard & Poor's 500 index has risen roughly 2 percent. In the final minutes of trading on Thursday, shares hit $117.93, a rise of 12 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MON at https://www.zacks.com/ap/MON