Tags: US | Earns | Archer | Daniels | Midland

Archer Daniels Midland Profit Slips 2 Percent

Tuesday, 02 Feb 2010 08:03 AM

Archer Daniels Midland Co. says its fiscal second-quarter profit slipped 2 percent as its revenue was depressed by lower prices for agricultural products.

The company, based in Decatur, Illinois, says it earned $567 million, or 88 cents per share, in the three months ended Dec. 31. That is down from $578 million, or 90 cents per share, a year ago.

Analysts surveyed by Thomson Reuters expected 72 cents per share, but typically exclude one-time items from the estimates.

ADM says revenue fell 5 percent to $15.9 billion. Analysts expected higher revenue of $16.5 billion.

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Archer Daniels Midland Co. says its fiscal second-quarter profit slipped 2 percent as its revenue was depressed by lower prices for agricultural products.The company, based in Decatur, Illinois, says it earned $567 million, or 88 cents per share, in the three months ended...
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2010-03-02
Tuesday, 02 Feb 2010 08:03 AM
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