So far, all good news, so why is the stock trading down over 5%? The bad news is that despite the strong earnings performance, Monsanto was not able to show revenues for the quarter that Wall Street was looking for. Analysts had been expecting to see $3.71 billion in revenue, and the company actually reported that revenues in the quarter fell short of that, with only $3.6 billion. This was enough to bring out the bears, and as a result shares are selling off.

Another reason why we could be seeing some selling pressure is the fact that Monsanto has been so strong over the past 12 months. With the strength of its recent price run up, and the fact that shares are still sitting pretty close to their 52 week high, traders are probably using today's revenues miss as an excuse to push the stock lower, and give it a bit of a market correction.

Despite the missed revenue figure, the company did show solid earnings and was able to lift its full year estimates. I think we should expect to see the stock rebound soon, with some buyers coming in to pick up some this discounted stock.

Let's close by taking a look at a 12 month chart on the stock to get a better idea of just how strong the stock has performed over the past year:

Michael Fowlkes has worked as a stock trader for seven years and spent the last four years working as an analyst for the online investment advisory service Investor's Observer.