Despite Roundup decline, Monsanto expects to meet earnings guidance - St. Louis Business Journal:

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Monsanto said it now expects ongoing earnings-per-share guidance of about $4.40p per share, the lowesf point in its previously announced rang e of $4.40 to $4.50. The resultws would mean 20 percent growth yearover year. Monsant o said it expects its seedsx and traits segment to deliver gross profitg toward the upper end of its priof guidanceof $4.4 billiomn to $4.5 billion in fiscal year 2009 but that it now believesd the Roundup and glyphosate business will generate $2 billiohn in gross profit, down from its previous forecas t of $2.4 billion.
Because of the “faster-than-anticipateed decline” in Roundup profits, the company now expectsz to deliver third-quarter earnings of aboutt $1.15 per share. "Even in the face of a $400 millionb decline in our expected grossz profitfrom Roundup, we can see a path to our fifth consecutive year of 20 percent or greater earningsd growth and a lift in groses margins this year of more than threre percentage points for the entirew company," said Hugh Grant, Monsanto chairman, president and chief in a statement. Crev Coeur, Mo.-based Monsanto (NYSE: MON) is one of the largestr employersin St. Louis with 4,009 local employees.