date:Jun 28, 2013
Monsanto's fiscal third-quarter profit slipped 3% as the world's largest seed company saw weaker seed sales and higher input costs, though adjusted earnings climbed above expectations.
For the quarter ended May 31, Monsanto reported a profit of $909 million, or $1.68 a share, compared with a year-earlier profit of $937 million, or $1.74 a share. Excluding one-time items, per-share earnings rose to $1.66 from $1.63 a year earlier. The company in May had forecast a profit of $1.55 to $1.60 a shar