UPDATE: Archer Daniels Midland Posts Decline In Q3 Profit
Archer Daniels Midland Co (NYSE: ADM) reported a drop in its third-quarter profit.
Archer Daniels Midland's quarterly profit fell to $399 million, or $0.60 per share, versus $578 million, or $0.86 per share, in the year-earlier period. Its adjusted profit came in at $0.78 per share.
Archer Daniels Midland's revenue climbed to $21.2 billion from $20.1 billion. However, analysts were expecting earnings of $0.59 per share on revenue of $21.38 billion.
Archer Daniels Midland shares closed at $30.83 yesterday.
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