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Tuesday, July 31, 2018

=Archer Daniels Midland (ADM) reported Q2 earnings on Tue 31 July 2018 (b/o)

  • ADM quarterly profit more than doubles
  • Reports Q2 (Jun) earnings of $1.02 per share, excluding non-recurring items, $0.25 better than the Capital IQ Consensus of $0.77; revenues rose 14.2% year/year to $17.07 bln vs the $15.48 bln Capital IQ Consensus. Strong execution, robust global demand drove excellent performance across the business
July 31 (Reuters) - U.S. grains merchant Archer Daniels Midland Co's quarterly profit more than doubled on Tuesday, driven by higher returns from its oilseeds processing business.
Net profit attributable to ADM rose to $566 million, or $1 per share, in the second quarter ended June 30, from $276 million, or 48 cents, a year earlier.
Total revenue rose 14.2 percent to $17.07 billion. 

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