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7-Business: Monsanto fourth-quarter loss widens



                                 PART I
------------------------------- GENET-news -------------------------------

TITLE:  Monsanto Fourth-Quarter Loss Widens
SOURCE: Associated Press
        http://news.yahoo.com/s/ap/20051012/ap_on_bi_ge/earns_monsanto_4
DATE:   12 Oct 2005

------------------ archive:  http://www.genet-info.org/ ------------------


..........................................................................
for downloading:
Monsanto Company Reports Fourth-Quarter 2005 Results:
<http://www.monsanto.com/monsanto/content/investor/financial/reports/
2005/Q42005EarningsRelease.pdf>
Monsanto Biotechnology Trait Acreage: Fiscal Years 1996 to 2005
<http://www.monsanto.com/monsanto/content/investor/financial/reports/
2005/Q42005Acreage.pdf>..............
............................................................


Monsanto Fourth-Quarter Loss Widens

ST. LOUIS - Monsanto Co., maker of genetically engineered seeds and the
Roundup herbicide, said Wednesday that its fiscal fourth-quarter loss
widened substantially, but the results exceeded Wall Street expectations
and Monsanto raised its 2006 guidance. Its shares rose nearly 2 percent
in morning trading.

For the three months ended Aug. 31, Monsanto's loss widened to $125
million, or 47 cents per share, from a year-ago loss of $42 million, or
16 cents per share. Excluding a number of items, the company said its
loss from ongoing business was 50 cents per share.

Revenue increased 3 percent to $1.27 billion from $1.23 billion. The
company said sales grew for its seeds and traits business, offsetting
lower revenue for its Roundup herbicides and other herbicides in the
United States. Seeds and traits sales were boosted by the newly acquired
Seminis business.

Analysts surveyed by Thomson Financial were looking for a slightly deeper
loss of 51 cents per share on sales of $1.24 billion.

For the fiscal year, Monsanto's profit declined 5 percent to $255
million, or 94 cents per share, from $267 million, or 99 cents per share,
a year earlier. Adjusted earnings from continuing operations were $2.08
per share.

Sales grew 16 percent to $6.29 billion from $5.42 billion over the same
period.

Analysts forecast lower adjusted earnings of $2.06 per share and sales of
$6.21 billion.

Monsanto raised its 2006 forecast, saying it expects adjusted earnings of
$2.35 to $2.50 per share. The company previously had predicted 2006
earnings of around $2.34 per share but analysts had already forecast
results above this figure at $2.46 per share.

Monsanto shares rose 91 cents, or 1.6 percent, to $57.80 in morning
trading on the New York Stock Exchange, where they have traded in a 52-
week range of $37.94 to $62.23.


                                 PART II
------------------------------- GENET-news -------------------------------

TITLE:  Monsanto raises profit guidance for 2006
SOURCE: The Associated Press, by Christopher Leonard
        http://www.journalstar.com/articles/2005/10/13/business/
doc434d7a3fcd767431387015.txt
DATE:   13 Oct 2005

------------------ archive:  http://www.genet-info.org/ ------------------


Monsanto raises profit guidance for 2006

ST. LOUIS -- Monsanto Co., the dominant maker of genetically engineered
seeds and other agricultural products, said Wednesday that its fiscal
fourth-quarter loss widened substantially, but the results exceeded Wall
Street expectations and Monsanto raised its 2006 profit guidance.

(In Nebraska, Monsanto owns NC+ Hybrids, a Lincoln seed company, and
Fontanelle Hybrids of Dodge County.)

Chairman and Chief Executive Hugh Grant said the company's perfomance
bodes well for the future.

"In short, the results we delivered in 2005 should allow us to deliver up
to a 20 percent growth rate in 2006," Grant said during a conference call
with reporters.

For the three months ended Aug. 31, Monsanto's loss widened to $125
million, or 47 cents per share, from a year-ago loss of $42 million, or
16 cents per share. Excluding a number of special items, the company said
its loss was 50 cents per share.

Analysts surveyed by Thomson Financial were looking for a slightly deeper
loss of 51 cents per share on sales of $1.24 billion.

Revenue increased 3 percent to $1.27 billion from $1.23 billion. The
company said sales grew for its seeds and traits business, offsetting
lower revenue for its Roundup herbicides and other herbicides in the
United States.

Monsanto has made a number of acquisitions in the seed business in the
past year, including the two Nebraska companies and cotton seed companies.

"The really good seed gains came from their new acquisitions," said Juli
Niemann, an analyst for RT Jones in St. Louis. "Everybody expected
Roundup to be lower until they get the new generation out."

For the fiscal year, Monsanto's profit declined 5 percent to $255
million, 94 cents per share, from $267 million, or 99 cents per share, a
year earlier. Adjusted earnings from continuing operations were $2.08 per
share.

Sales grew 16 percent to $6.29 billion from $5.42 billion over the same
period.

Analysts had forecast adjusted earnings from continuing operations of
$2.06 per share and sales of $6.21 billion for next year.

Monsanto raised its 2006 forecast, and said it expects adjusted earnings
of $2.35 to $2.50 per share. The company previously had predicted 2006
earnings of around $2.34 per share but analysts had already forecast
results above this figure at $2.46 per share.

Grant said most revenue growth during the coming year will come from
sales of genetically modified corn and cotton seeds. International
operations should also contribute to growth, he said.

Niemann said the early guidance for 2006 is a way for Monsanto to assure
investors that the stock value will remain high.

"They're the premiere seed company," Niemann said. "It's still a very
rich price that you're looking at here."




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