Archer Daniels Midland (ADM) Misses Q3 EPS by 10c

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Go back to Archer Daniels Midland (ADM) Misses Q3 EPS by 10c

ADM Reports Third Quarter Adjusted Earnings of $0.60 per Share

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

ADM Strengthens Global Sweetener Footprint with Completion of Eaststarch Acquisition

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