ADM Quarterly Profit Beats on Strong Growth in Oilseeds Unit
date:Aug 01, 2018
114 million.

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.

Excluding items, the company earned $1.02 per share, beating analysts estimates of 77 cents per share, according to Thomson Reuters I/B/E/S.

Total revenue rose 14.2 percent to $17.07 billion.

The companys shares were up 2.4 percent in light premarket trading on Tuesday.

Source:Reuters

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