August 5, 2014 / 11:17 AM / 3 years ago

Archer Daniels Midland earnings beat estimates; revenue dips

1 Min Read

CHICAGO, Aug 5 (Reuters) - Agribusiness company Archer Daniels Midland Co on Tuesday reported higher-than-expected second-quarter earnings, citing strong U.S. exports and demand for ethanol.

Illinois-based ADM reported net earnings of $533 million, or 81 cents per share, up from $223 million, or 34 cents a share, a year earlier.

Adjusted earnings rose to 77 cents per share from 46 cents. Analysts on average had expected 73 cents, according to Thomson Reuters I/B/E/S.

Revenue was $21.5 billion, down from $22.5 billion a year earlier.

Reporting by Tom Polansek; Editing by Lisa Von Ahn

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below