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6 MONTHS: MONSANTO NET SALES UP 6%, NET INCOME RISES 11%
Source: Monsanto news release

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Monsanto Company (NYSE: MON) announced today that solid growth from its core seeds and traits business, including expansion of its global corn and soybean businesses, drove the company's strong second quarter results.

With the second quarter performance, executives noted progress on all full year financial targets, including seeds and genomics gross profit growth, margin expansion and ongoing EBITDA growth.

The company confirmed its fiscal year 2014 guidance for earnings per share of $5.00 to $5.20 on an ongoing basis and $5.02 to $5.22 on an as-reported basis and free cash flow guidance for fiscal year 2014, even with an estimated full year EPS effect of $0.15 to $0.20 from agricultural industry headwinds.


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