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Monsanto Corrects Statement in Second Quarter 2010 Earnings Release
08.04.2010 10:46 "Agro Perspectiva" (Kyiv) —
In Monsanto Company’s (NYSE: MON) second quarter earnings release issued today, the Agricultural Productivity Segment Detail section included the statement that «Acknowledging some key trends that deviated from the core planning assumptions for Roundup and other glyphosate-based herbicides including the continued presence of generic inventory and competitive pricing strategies the company said it now sees gross profit for the segment at plus-or-minus $600 million for the year.» The statement should have read «Acknowledging some key trends that deviated from the core planning assumptions for Roundup and other glyphosate-based herbicides including the continued presence of generic inventory and competitive pricing strategies the company said it now sees gross profit for Roundup and other glyphosate-based herbicides at plus-or-minus $600 million for the year.»
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