- Man transitioning to woman killed herself in Cape City Jail in June; news comes from architect's pitch in Kansas (2/15/18)2
- Cape Girardeau businessman proposes redevelopment project; seeks taxing district to fund improvements (2/17/18)16
- Charges filed in Sunday murder; suspects in custody (2/14/18)2
- TJ's Burgers, Wings & Pizza expands with dining area in Fruitland (2/16/18)
- University Foundation to honor Talberts as Friends of the University (2/13/18)2
- Pence gets it right in response to attack on Christian faith (2/17/18)4
- Lovebirds for 80 years give advice: Trust, patience and 'Tell 'em you love 'em' (2/14/18)2
- Jackson schools to install artificial turf on football, soccer fields (2/14/18)
- Major case squad activated to investigate shooting death in Cape (2/13/18)
- Jackson schools purchased former orchard land, will lease for farming for now (2/15/18)
Monsanto posts $6M profit in 1Q
ST. LOUIS -- Monsanto Co. on Thursday said higher seed sales helped it return to profitability in the first quarter compared with a loss in the same three-month period last year.
The St. Louis company reported higher sales for corn, soybean, vegetable and cotton seeds. It also posted higher sales of its Roundup weedkiller despite tight competition from a variety of generic competitors.
Monsanto said net income was $6 million, or 2 cents per share, for the quarter ended Nov. 30, compared with a loss of $19 million, or 2 cents a share, in the year-ago period. Revenue increased 8 percent to $1.83 billion.
Analysts surveyed by Thomson Reuters had expected earnings of 1 cent per share on revenue of $1.79 billion.
Monsanto said it cut general and administrative expenses 9 percent after restructuring operations last year, and it increased research and development spending 13 percent.
The company said it expects to earn between $2.69 and $2.79 per share in 2011.
Shares slipped 3 cents to $69.10 in pre-market trading.