Monsanto Co reported a 6 percent drop in quarterly profit on Wednesday, but shares of the world's largest seed company rose as it raised its outlook for the year and said it planned to double earnings over the next five years. Monsanto, a developer of genetically engineered corn, soybeans and other crops and purveyor of the popular Roundup herbicide, said it had earned $858 million in the third quarter ended May 31, down from $909 million a year earlier.The profit amounted to $1.62 a share, down from $1.68 a share a year earlier, or $1.66 on an ongoing basis. Analysts expected $1.56 cents a share, according to Thomson Reuters I/B/E/S.In trading before the market opened, Monsanto shares rose to $127 from Tuesday's close of $120.63.
Monsanto Company (Monsanto) along with its subsidiaries, is a provider of agricultural products for farmers. Shares of MON remained unchanged at $120.63. In the past year, the shares have traded as low as $94.00 and as high as $123.99. On average, 2633390 shares of MON exchange hands on a given day and today's volume is recorded at 256460.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI remained unchanged at $35.99. In the past year, the shares have traded as low as $32.01 and as high as $38.73. On average, 792141 shares of TRI exchange hands on a given day and today's volume is recorded at 500.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.08% or $-0.03/share to $38.65. In the past year, the shares have traded as low as $33.50 and as high as $42.10. On average, 637728 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 366512.
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