31 August 2010 14:42 [Source: ICIS news]
LONDON (ICIS)--Monsanto expects full fiscal earnings to come in at the lower end of its previous guidance ranges for ongoing earnings per share (EPS) and free cash flow, the US-based agrobusiness company said on Tuesday.
Ongoing EPS for the fiscal year was expected to fall within the range of $2.40- 2.45 a share, at the low end of its previous $2.40 to $2.60 guidance range, said Monsanto.
“This expectation reflects strong quarterly seed and trait sales in ?xml:namespace>
Free cash flow was expected in the range of $400m-500m (€316m-395m) for the fiscal year.
"With a solid wrap to the quarter, we'll turn the page and start a new chapter as our growth focus shifts squarely to our seeds-and-traits business," said chief financial officer Carl Casale.
Monsanto will publish its fourth-quarter and fiscal-year earnings on 6 October.
($1 = €0.79)
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