CHICAGO (AP) — Archer Daniels Midland Co. (ADM) on Tuesday reported third-quarter earnings of $821 million.
On a per-share basis, the Chicago-based company said it had profit of $1.70. Earnings, adjusted for one-time gains and costs, were $1.77 per share.
The agribusiness giant posted revenue of $22.34 billion in the period.
ADM expects full-year earnings in the range of $5.50 to $5.80 per share.
ADM shares have climbed 32% since the beginning of the year, while the S&P’s 500 index has climbed 10%. The stock has increased 25% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ADM at https://www.zacks.com/ap/ADM
