Agriculture and biotechnology company Monsanto today reported first-quarter earnings rose 1.5 per cent.
The rise came as strong demand for seeds and genomics partly offset a decline in sales of its Roundup herbicide.
In the first quarter, Monsanto reported net income of $68 million excluding special items, or 26 cents per share, compared with net income of $67 million, or 26 cents, in the year-ago quarter.
Net sales fell 1 per cent to $1.31 billion from $1.32 billion a year ago.
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Monsanto shares closed yesterday at $33.59 on the New York Stock Exchange.
The shares have outperformed the Standard & Poor's 500 index by about 26 per cent since the start of the year.