Monsanto Co. Profit Retreats 25% In Q2

(RTTNews) - Monsanto Co. (MON) announced earnings for second quarter that retreated compared to the same period last year.

The company said its profit totaled $1.07 billion, or $2.42 per share. This was down from $1.42 billion, or $2.90 per share, in last year's second quarter.

Analysts had expected the company to earn $2.44 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 12.9% to $4.53 billion. This was down from $5.20 billion last year.

Monsanto Co. earnings at a glance:

-Earnings (Q2): $1.07 Bln. vs. $1.42 Bln. last year. -Earnings Decline (Y-o-Y): -24.6% -EPS (Q2): $2.42 vs. $2.90 last year. -EPS Decline (Y-o-Y): -16.6% -Analysts Estimate: $2.44 -Revenue (Q2): $4.53 Bln vs. $5.20 Bln last year. -Revenue Change (Y-o-Y): -12.9%

-Guidance: Full year EPS guidance: $4.40 - $5.10