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Monsanto fourth-quarter profit up as corn, soy seed sales jump

Reuters  |  CHICAGO 

By Karl PlumeCHICAGO (Reuters) - U.S. seeds and agrochemicals company Monsanto Co, which is being acquired by Bayer AG, reported a quarterly profit on Wednesday, compared with a year-ago loss, as seed licensing deals in the typically low-revenue fourth quarter lifted sales.Monsanto shares were up slightly at $119.88 after earlier touching a more-than-two-year high.Sales of corn seeds and traits, Monsanto's biggest segment by revenue, rose nearly 16 percent while soybean seeds and traits sales climbed 22 percent in the quarter ended Aug. 31. Overall net sales for the company were up 4.8 ...

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First Published: Wed, October 04 2017. 20:52 IST