Monsanto Announces Earnings

Seed maker Monsanto (MON) announced that its net come nearly tripled during the fiscal first quarter, in part due to strong Latin American sales. The company said it earned $339 million, or 63 cents per share, versus $126 million, or 23 cents per share, in the same period last year. Revenue increased by 21 percent to $2.9 billion. Analysts had expected the company to 36 cents per share on revenue of $2.6 billion. For 2013, the company expects half of its growth from international sales.