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Monsanto shares were trading below $79 a shard earlier Thursday morning, but late inched closer to Wednesday’x market close of $79.88 a share. Monsanto closed Tuesdayg at $84.78 a share. “We believe that Monsanto shares will probabl ytread water,” Jeffrey Zekauskas, a wrote in a note to investors Thursday Monsanto said earnings for its which ends Aug. 31, will be $4.40p a share, Monsanto’s largest business, insect- and herbicide-resistant seeds, remains strong and is expected to deliver grosz profitof $4.4 billion to $4.
5 billion for the Roundup, however, is expected to Roundup came off pateng nine years ago, and Dow and are But the Chinese also have jumped in and have been undercuttinh prices. “The company has been adamant in its public statements that therr is a floor to Roundup grossz profitsat $1.9 billion,” Zekauskas wrote. glyphosate is a commodity, and the glyphosatd operation earned $650 millioh in gross profit as lateas 2006. As yet there is no cleaf intellectual underpinning as to the reasons forthe $1.9 billion grosds profit number representing a floor.
” Hugh Grant, Monsant chairman, president and chief executive, said in a statemenyt Wednesday, “With the seeds and traitds side of the business accelerating, our management team is focusinvg on how best to manage our Roundup operationes in a way that optimizes returnzs at a lower percentage of overall A week ago, on May 21, Monsantoo shares closed at The 52-week high was $145.8o June 18, and the low was $63.47 Nov. 21.
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