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Monsanto: Good Results, Higher Expectations

Posted on June 25, 2008

Monsanto (MON) reported very good results this morning, although a bit light on the revenue line - expectations just are so high for this name and at 40x forward estimates it's a quite rich valuation. Fortunately to offset the light top line number, they raised earnings guidance for the year which is helping to support the name to a degree in pre-market. For stocks priced to perfection you need to hit on all cylinders and a perceived revenue miss would of dropped the stock a bit more, but the raised guidance will help offset any major long term worries.Monsanto reported record net sales of $...

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earnings , eps , pre market