Business Briefs: Monsanto Q2 Profit Up 15 Percent
San Gabriel Valley Tribune › April 07, 2011
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Summary
Rising corn seed sales helped boost Monsanto Co.'s second- quarter profit by 15 percent compared to last year, but the company warned that seed discounts and continued losses on its popular Roundup Herbicide would trim profits for 2011. The pessimistic outlook dragged Monsanto's stock down more than 4 percent. Monsanto is tying its future profitability to genetically altered seeds.
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Business Briefs: Monsanto Q2 Profit Up 15 Percent
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