UPDATE: Archer Daniels Midland Posts Decline In Q3 Profit

Archer Daniels Midland Co 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.