UPDATE: Archer Daniels Midland Posts Drop In Q2 Profit - Archer-Daniels Midland (NYSE:ADM)

27% profit every 20 days?

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Archer Daniels Midland Co (NYSE: ADM) reported a drop in its second-quarter profit. Archer Daniels Midland's quarterly profit declined to $223 million, or $0.34 per share, from $284 million, or $0.43 per share, in the year-ago period. Excluding one-time items, it earned $0.46 per share. Its revenue dropped to $22.5 billion from $22.7 billion. However, analysts were estimating earnings of $0.43 per share on revenue of $22.69 billion.Archer Daniels Midland shares closed at $37.86 yesterday.

27% profit every 20 days?

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