- The Washington Times - Thursday, April 2, 2009

ST. LOUIS (AP) - Monsanto Co. says its fiscal second-quarter profit edged down 3.2 percent even as corn and soybean sales rose sharply.

The world’s biggest seed maker said Thursday it earned $1.09 billion, or $1.97 per share, in the three months ended Feb. 28. That is down from $1.13 billion, or $2.02 per share, a year ago.

Monsanto says it earned $2.16 per share excluding one-time income taxes the company does not consider part of ongoing operations. Thomson Reauters says analysts expected a loss of 3 cents a share.

Monsanto’s revenue jumped 8.3 percent to a record $4.04 billion with a boost from sales of genetically engineered seed.

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