SURGING SEEDS: Monsanto Co. said Thursday its fiscal first-quarter earnings soared on strength of its seed business. The company also brightened its outlook for the full fiscal year. Monsanto said its net income rose to $126 million, or 23 cents per share, for the three months ended Nov. 30. Revenue jumped 33 percent to $2.44 billion.
LATIN FOOD: Growth was driven by demand for corn throughout Latin America. Sales in Monsanto's seeds and genomics segment increased 32 percent to $1.5 billion.
FUTURE FURROWS: For all of fiscal 2012, the St. Louis company expects earnings per share of between $3.39 and $3.44. Analysts expect earnings of $3.47 per share.
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