Volume Alert: Monsanto Earnings (MON)

Posted in General 
June 24th, 2009

Monsanto Co. (NYSE: MON) is a stock to watch in the premarket for a volume spike, as it’s expected to report ahead of the open. Fiscal third-quarter earnings are expected to be $1.17 a share, on revneue of $3.45 billion. The herbicides business, which accounts for about a third of the company’s profit, will be the segment to watch. In May, Monsanto cut its full-year earnings guidance noting strong generic competition for its Roundup herbicides. If there’s any upside, it could be in the company’s seeds business, where business is still expected to be strong. In addition to Roundup pricing, analysts may focus on the company’s seed price outlook.

Comments are closed

-->