ST LOUIS (AP) Monsanto Co. (MON) on Wednesday reported fiscal third-quarter net income of $843 million.
On a per-share basis, the St. Louis-based company said it had profit of $1.90. Earnings, adjusted for non-recurring costs, were $1.93 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share.
The agriculture products company posted revenue of $4.23 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $4.09 billion.
Monsanto expects full-year earnings in the range of $4.50 to $4.90 per share.
Monsanto shares have increased 11 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 8 percent. The stock has climbed 17 percent in the last 12 months.
