Monsanto says its net income increased 22 percent in the second quarter on strong sales of its biotech seeds.
The agricultural products company boosted its full-year earnings guidance, citing its strong performance in the first two quarters.
The St. Louis company says it earned $1.48 billion, or $2.74 per share in the three months ended Feb. 13. That compares to earnings of $1.21 billion, or $2.24 per share, a year ago.
Revenue climbed 15 percent to $5.47 billion.