Archer-Daniels-Midland Announces Advance In Q4 Profit

(RTTNews) - Archer-Daniels-Midland (ADM) revealed a profit for its fourth quarter that gained ground compared to the same period last year.

The company said its bottom line totaled $463.30 million, or $0.82 per share. This was higher than $437.25 million, or $0.75 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.70 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.6% to $16.07 billion. This was down from $16.50 billion last year.

Archer-Daniels-Midland earnings at a glance:

-Earnings (Q4): $463.30 Mln. vs. $437.25 Mln. last year. -Earnings Growth (Y-o-Y): 6.0% -EPS (Q4): $0.82 vs. $0.75 last year. -EPS Growth (Y-o-Y): 9.3% -Analysts Estimate: $0.70 -Revenue (Q4): $16.07 Bln vs. $16.50 Bln last year. -Revenue Change (Y-o-Y): -2.6%