News Summary: Monsanto reports strong 2Q earnings

News Summary: Monsanto reports better-than-expected 2Q earnings on biotech corn seed sales

Associated Press

WASHINGTON (AP) -- TOP SEED: Monsanto reported better-than-expected earnings for the second quarter Wednesday on strong sales of biotech corn seeds, particularly in Brazil.

GUIDANCE BOOST: The company raised its full year earnings guidance to between $4.40 and $4.50 per share, up from $4.30 to $4.40 per share. The company is expecting a record year sales of corn seed, which increased 17 percent in the quarter.

ROUNDUP REBOUND: Sales of the company's herbicides, including the weed killer Roundup, increased 37 percent to $1.13 billion.

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