The Rising Influence of Rising Affluence

[DewDiligence]

MON increases non-GAAP EPS guidance for FY2013 to $4.50-4.55 (from the prior range of $4.40-4.50):

http://finance.yahoo.com/news/monsanto-increases-fiscal-2013-earnings-120000919.html

The fiscal year ends 8/31/13, so the change in guidance represents an increase for the third and fourth fiscal quarters; the new guidance is $1.55-1.60 for FY3Q13 and a small loss in FY4Q13. (MON typically records a loss in the fiscal fourth quarter, due to the timing of the growing season.)

This is the second time MON has raised EPS guidance during the current FY; it also did so in April following the release of FY2Q13 results (#msg-86413628).