Monsanto To Confirm Earnings, Cash Flow Guidance
GEE L. LEE / Dow Jones Newswires 26apr2005
[More on Monsanto]
WASHINGTON — Monsanto Co. (MON) said Tuesday it will confirm its net income guidance of $2 a share to $2.05 a share for the current year ending Aug. 31 and negative free cash flow of $900 million for the same period with investors and analysts during the next two to three weeks.
According to a regulatory filing with the Securities and Exchange Commission, the St. Louis-based biotechnology company said it will discuss its business and will confirm trends and performance expectations that were disclosed in an April 6 press release.
Monsanto said it expects third-quarter net income of a $1 a share and a fourth-quarter net loss of 48 cents to 53 cents a share.
The company reiterated that it expects net income of $2.34 a share for fiscal 2006 and net income of $2.81 a share to $2.93 a share for fiscal 2007.
Also, Monsanto said it expects free cash flow of $825 million to $900 million for fiscal 2006 and $825 million to $925 million for fiscal 2007.
Shares of the company recently traded at $58.65 each, down 48 cents from Monday's close.
Monsanto makes and sells products that improve farm productivity and food quality.