ADM profit falls, but revenue rises 78 pct

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CHICAGO | Tue Aug 5, 2008 7:10am EDT

CHICAGO Aug 5 (Reuters) - Archer Daniels Midland Co (ADM.N), one of the largest U.S. food processors and ethanol producers, said on Tuesday that quarterly profit fell 61 percent mainly due to one-time gains a year earlier.

Earnings fell to $372 million, or 58 cents per share, in the fiscal fourth quarter ended on June 30 from $954.8 million, or $1.47 cents per share, a year earlier.

Revenue rose 78 percent to $21.78 billion from $12.21 billion, compared with Wall Street forecasts of $15.36 billion. (Reporting by Lisa Shumaker; Editing by Derek Caney)

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