Despite Roundup decline, Monsanto expects to meet earnings guidance - St. Louis Business Journal:

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Monsanto said it now expects ongoing earnings-per-share guidance of abouty $4.40 per share, the lowest poinf in its previously announced rangeof $4.4 to $4.50. The results would mean 20 percent growtb yearover year. Monsanto said it expects its seeds and traits segmeng to deliver gross profiyt toward the upper end of its priotr guidanceof $4.4 billion to $4.5 billion in fiscakl year 2009 but that it now believe the Roundup and glyphosate business will generate $2 billion in gross down from its previoux forecast of $2.4 billion. Because of the “faster-than-anticipated in Roundup profits, the company now expects to delivetr third-quarter earnings of about $1.
15 per "Even in the face of a $400 million decline in our expecterd gross profitfrom Roundup, we can see a path to our fifthg consecutive year of 20 percent or greatef earnings growth and a lift in gross margins this year of more than threed percentage points for the entire company," said Hugh Grant, Monsantol chairman, president and chief executive, in a Creve Coeur, Mo.-based Monsanto (NYSE: MON) is one of the largesf employers in St. Louis with 4,000 local employees.