Monsanto Company (MON) reported fourth-quarter profit per share of $0.20 on an ongoing basis, compared to $0.07 in the same period last year. The company said its ongoing EPS results for the quarter were better than initially projected, mostly due to tax benefits and the fact that the company had the opportunity to grant the right to some key corn licenses in Brazil. The latter resulted in a pre-tax benefit of more than $200 million in the fourth quarter of 2017. On average, 15 analysts polled by Thomson Reuters expected the company to report a loss per share of $0.41, for the quarter. Analysts' estimates typically exclude special items. Ongoing net income attributable to Monsanto increased to $82 million from $30 million.
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