Archer Daniels Midland (ADM) Misses Q3 EPS by 10c
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November 3, 2015 7:00 AM EST
Net earnings of $252 million, or $0.41 per share
CHICAGO--(BUSINESS WIRE)--
Archer Daniels Midland Company (NYSE: ADM) today reported financial
results for the quarter ended Sept. 30, 2015.
The company reported adjusted earnings per share1 of $0.60,
down from $0.86 in the same period last year. Adjusted segment operating
profit1 was $684 million, down 27 percent from $941 million
in the year-ago period. Net earnings for the quarter were $252 million,
or $0.41 per share, and segment operating profit1 was $709
million.
The ADM team executed well in an environment very similar to the second
quarter, said ADM Chief Executive Officer Juan... More
November 2, 2015 8:20 AM EST
CHICAGO--(BUSINESS WIRE)--
Archer Daniels Midland Company (NYSE: ADM) today announced that it has
completed the purchase of certain assets of Eaststarch C.V., ADMs 50-50
joint venture with Tate & Lyle (LSE: TATE).
This acquisition is an important expansion for ADMs Corn business,
said Chris Cuddy, president of ADMs Corn Processing business unit. In
order to continue to diversify our global footprint, our team has done a
great job pursuing... More
