The Rising Influence of Rising Affluence

[DewDiligence]

Based on solid FY2Q13 results, MON raised FY2013* non-GAAP EPS guidance to $4.40-4.50 from the prior range of $4.30-4.40; this is the second time MON has raised the range during the current FY (it was originally $4.18-4.32):

http://finance.yahoo.com/news/monsanto-companys-global-business-performance-120000022.html

In part, these raises are the result of deliberate lowballing; however, MON’s performance during the FY to date really has been better than originally expected.

*Ending 8/31/13.