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Last Update: 07-Dec-11 09:41 ET
Monsanto Trades Lower Following This Morning's Earnings Guidance
Earlier this morning, Monsanto (MON $71.13 -1.19) issued first quarter earnings guidance above consensus and reaffirmed its fiscal year 2012 guidance, which was below consensus.
More specifically, the company reported that it is expecting to see earnings of $0.15 to $0.20 per share for the first quarter, above the $0.13 Capital IQ Consensus Estimate, up from prior range of $0.10 to $0.15.
For its fiscal year 2012, the company expects earnings to be in the range of $3.34 to $3.44, below the current $3.46 Capital IQ Consensus Estimate.
The company also said that reflecting the company's strategic growth plan, the first quarter is driven primarily by the strength of the business in Brazil and Argentina, with some contribution from timing benefits in the U.S. and Australia. The company projects free cash flow in the range of $1.3 billion to $1.5 billion for fiscal year 2012, with net cash provided by operating activities to be $2.2 billion to $2.5 billion, and net cash required by investing activities to be approximately $900 million to $1 billion.
More specifically, the company reported that it is expecting to see earnings of $0.15 to $0.20 per share for the first quarter, above the $0.13 Capital IQ Consensus Estimate, up from prior range of $0.10 to $0.15.
For its fiscal year 2012, the company expects earnings to be in the range of $3.34 to $3.44, below the current $3.46 Capital IQ Consensus Estimate.
The company also said that reflecting the company's strategic growth plan, the first quarter is driven primarily by the strength of the business in Brazil and Argentina, with some contribution from timing benefits in the U.S. and Australia. The company projects free cash flow in the range of $1.3 billion to $1.5 billion for fiscal year 2012, with net cash provided by operating activities to be $2.2 billion to $2.5 billion, and net cash required by investing activities to be approximately $900 million to $1 billion.
