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Monsanto Co. (MON) (MON), the world’s largest seed company, projected third-quarter profit that exceeded analysts’ estimates after sales rose in the U.S., Brazil and Eastern Europe. The company also boosted its full-year forecast.
Profit will be $1.57 to $1.62 a share in the three months through May, excluding costs from a legacy tax matter, St. Louis-based Monsanto said today in a statement. The forecast topped the $1.29 average of 16 estimates (MON) compiled by Bloomberg.