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BRIEF-Monsanto sees FY earnings per share $4.40-$5.10 from continuing operations

Published 2016-03-02, 08:19 a/m
© Reuters.  BRIEF-Monsanto sees FY earnings per share $4.40-$5.10 from continuing operations
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March 2 (Reuters) - Monsanto (NYSE:MON) Co MON.N :
* Sees FY earnings per share $4.40 to $5.10 from continuing operations
* Sees FY earnings per share $3.42 to $4.29
* Says currency accounts for an estimated 25 to 30 cents of the reduction in
the company's revised 2016 ongoing EPS outlook
* Says has revised its full-year ongoing EPS guidance
* Expects gross profit growth from its core seeds and genomics segment in
fiscal year 2016 to be relatively flat with previous year
* For the fiscal year 2016 second quarter, sees ongoing EPS of $2.35 to $2.45
* Q2 earnings per share view $2.84 -- Thomson Reuters I/B/E/S
* FY earnings per share view $5.14 -- Thomson Reuters I/B/E/S
* Says second quarter EPS guidance on as as-reported basis is expected to be
$2.15 to $2.35
* Says also revised its full-year free cash flow projections to be in the range
of $1.4 billion to $1.6 billion for fiscal year 2016
* Currency accounts for an estimated 25 to 30 cents of the reduction in the
company's revised 2016 ongoing EPS outlook
* Sees operating expenses for fiscal year 2016, exclusive of restructuring
expense, to be down slightly versus fiscal year 2015
* Weak foreign currencies, generic glyphosate pricing and compressed grower
margins coming from lower commodity prices, all creating headwinds
* To offset some of increased headwinds, co expects operating expenses for
fiscal year 2016 to be down slightly versus FY 2015

* Source text for Eikon ID:nBwbmTnS5a

* Further company coverage MON.N

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