Profit Tripled at Monsanto Late in 2007
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Monsanto increased its earnings forecast for the year after reporting that its first-quarter earnings nearly tripled due to strong sales in Latin America.
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Deere & Co. , the world's largest maker of agricultural and building equipment, reported higher quarterly profit on Wednesday as strong sales to farmers and foresters more than offset a decline in sales to builders.
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The San Francisco-based company said that it earned $267 million during its fiscal fourth quarter, which ended Nov. 25, up from $96 million at the same time in 2006.
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Biogen Idec reported Thursday that its fourth-quarter profit nearly doubled on growing sales of treatments for cancer and multiple sclerosis.
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KANSAS CITY, Mo.  - Monsanto Co. MON.N on  Wednesday posted a narrower quarterly net loss as the  agricultural chemicals and crop company took a reserve of $284  million for legal problems, but saw a jump in seed sales.
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Kroger Co , the largest U.S. grocer, on Tuesday posted a greater-than-expected 28 percent increase in quarterly profit and raised its full-year forecast, sending its shares up nearly 7 percent.
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CHEMICAL, paint and explosives manufacturer Orica tripled its net profit in 2003-04, booking a bottom-line result of $327.8 million and forecasting further growth on the back of strong demand from the mining sector.
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The company said it earned $52 million in the fourth quarter on strong U.S. and international sales. Its shares climbed more than 7 percent in morning trading.
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Kroger Co.  said on Tuesday that quarterly profit rose 15.8 percent and raised its 2006 earnings view, sending its shares to their highest level in five years, as the grocery chain benefited from lower prices and a better selection of products such as fresh produce.
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Citing strong economic conditions, the manufacturer posted fourth-quarter earnings of $689 million, up from $585 million a year earlier.
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Citing strong fourth-quarter results and prospects for growth in emerging markets, DuPont raised its earnings outlook for 2007 as well as its profit forecast for 2008.
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KANSAS CITY, Missouri  - Monsanto Co  raised its 2007 earnings outlook on Monday, citing strong global corn sales, higher prices for its branded Roundup herbicides and a more favorable tax rate.
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Monsanto Co.   reported on Thursday that quarterly earnings jumped 71 percent,  driven partly by surging sales of its genetically modified corn  and other seeds.
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Biogen Idec Inc., the third-biggest US biotechnology company, reported a fourth-quarter profit of $48.4 million, helped by sales of its Avonex and Tysabri multiple-sclerosis treatments. Net income was 14 cents a share compared with a net loss of $990.6 million, or $4.03, a year earlier, the Cambridge company said. Revenue almost doubled to $586 million. Biogen is counting on Tysabri, ...
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Schering-Plough Corp. SGP.N on  Thursday reported a quarterly profit after a year-ago loss, as  positive foreign exchange trends helped offset poor sales of  its allergy and hepatitis drugs.
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Takeover target Rio Tinto unveils a profit of $7.44bn for 2007 - 1% higher than a year earlier.
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The health care products maker posted higher profit in the fourth quarter versus year-earlier results that were reduced by acquisition charges for Kos Pharmaceuticals.