Jan 6 (Reuters) - Monsanto (N:MON) Co MON.N :
* Delivers better than expected first-quarter results
* Q1 sales $2.2 billion versus I/B/E/S view $2.39 billion
* Sees FY earnings per share $5.10 to $5.60 from continuing operations
* Q1 loss per share $0.11 from continuing operations
* Q1 loss per share $0.56
* Q1 earnings per share view $-0.23 -- Thomson Reuters I/B/E/S
* Q1 total seeds and genomics sales $1.4 billion versus $1.62 billion last year
* Says continues to project free cash flow in the range of $1.6 billion to $1.8
billion for fiscal year 201
* Says company targets ongoing and as-reported EPS cagr in excess of 20% from
end of FY 2016 to FY 2019
* With recent currency devaluation in Argentina, company points to lower half
of full-year ongoing EPS guidance of $5.10 to $5.60
* Says finalizes plans to reach previously outlined target of $500 million of
annual savings by end of FY 2018
* Sees five to seven percent gross profit growth from its core seeds and
genomics segment in fiscal year 2016
* Says expects agricultural productivity segment to continue to deliver $900
million to $1.1 billion of gross profit in fiscal year 2016
* FY EPS guidance on as as-reported basis improved modestly to $4.12-$4.79 due
to anticipated timing of charges for restructuring actions
* Says continues to project free cash flow in the range of $1.6 billion to $1.8
billion for fiscal year 2016
* Expects net cash provided by operating activities to be $2.6 billion to $3
billion for FY 2016
* Refile-monsanto co mon.n says continues to project free cash flow in the
range of $1.6 billion to $1.8 billion for fiscal year 2016 (fixes typo)
* FY earnings per share view $5.26 -- Thomson Reuters I/B/E/S
* Source text for Eikon ID:nBw1Z2ksfa
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