Agriculture & Fertilizer Stocks
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Wednesday, August 6, 2008
Agrium Tops, Monsanto Divests
Fertilizer maker Agrium's (NYSE:AGU - News) Q2 EPS rose 135% to $4, beating views by 85 cents. Sales grew 90% to $3.87 bil, above views. Agrium cited gains across all units, especially its newly acquired UAP business. Also, seed giant Monsanto (NYSE:MON - News) aims to sell its dairy hormone business amid criticism and safety concerns about growth hormone. Agrium shares rose 5%; Monsanto gained 2% today.
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