Cash Flow Beats Estimate; EPS is $2.41 on Ongoing Basis ($2.01 As Reported)Comment from Monsanto Chairman, President and Chief Executive Officer Hugh Grant:
"Our job is to help farmers be more profitable and more productive. When we do that, future business opportunity follows. What we do best is discover, develop and deliver products that matter to farmers. We're backing new innovation with actions ranging from expanding launches of product offerings to our revamped pricing approach. On the heels of fiscal year 2010 and with this year's harvest ongoing, there's no doubt that we're looking forward to seeing the result of expanding product choices and the changes that we've made take hold in a new fiscal year. We believe in the opportunity of fiscal year 2011 as the launch point for mid-teens earnings growth."
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