logo
Share SHARE
FONT-SIZE Plus   Neg

Archer Daniels Midland Q3 Profit Falls - Quick Facts

Archer Daniels Midland Co. (ADM) reported third quarter net earnings attributable to ADM of $399 million or $0.60 per share, lower than $578 million or $0.86 per share a year ago.

Adjusted earnings per share dropped to $.78 from $.89 in the same quarter a year ago.

On average, 13 analysts polled by Thomson Reuters expected the company to report earnings of $0.59 per share. Analysts' estimates typically exclude special items.

Net sales and other operating income were up to 21.16 billion from $20.08 billion in the prior-year quarter. Analysts expected revenues of $21.38 billion.

"This quarter, we delivered very good results despite difficult margin environments, particularly in ethanol and European oilseeds," said ADM Chairman and CEO Patricia Woertz. "The strong third quarter last year set a high bar, and this quarter represents a solid performance by the team."

"Looking ahead, planting is underway in North America, and we're encouraged by the projected corn and soybean acreage," added Woertz.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Simple, uncluttered, colorful and friendly. That's how Google describes its new logo. The new typeface is sans-serif and without any shadow or embossing, unlike its earlier logos. It has given blue, red, yellow and green to its letters. The "e" is slightly tilted and stylized. On its browser tabs, it has replaced the lower case blue colored "g" with an upper case "G" in four colors. H&R Block reported a smaller loss for the first quarter, driven by a four percent increase in revenues, partly offset by foreign currency fluctuations. The company announced a $3.5 billion stock buyback, and its shares gained 7% in after-hours trade... About nine-tenths of the world's sea birds are likely to have consumed pieces of plastic which continue to remain in their guts, a study shows.
comments powered by Disqus
RELATED NEWS
Trade ADM now with 
Follow RTT