From Monsanto's (MON +0.3%) conference call: If MON achieves the higher profit it is targeting,...

|About: Monsanto Company (MON)|By:, SA News Editor

From Monsanto's (MON +0.3%) conference call: If MON achieves the higher profit it is targeting, it will mark the third straight year of better than 20% EPS growth, Chairman Hugh Grant says. But the market reaction is only mildly enthusiastic since gains that beat analysts' expectations stemmed not from seed sales but from the smaller glyphosate herbicide business, and from a lower tax rate.