Monsanto Co. said on Wednesday that quarterly profit jumped 18 percent on record sales propelled by strength in its corn seeds business and newly acquired vegetable and fruit seed operation.
The St. Louis-based agricultural products company, an industry leader in genetically altering crops to resist pests and tolerate weed-killing treatments, said it earned $1.60 a share in the second quarter, compared to $1.37 a share a year earlier. Analysts, on average, looked for $1.51 a share.
