Archer-Daniels-Midland Q2 adjusted earnings Beat Estimates

(RTTNews) - Archer-Daniels-Midland (ADM) reported earnings for its second quarter that advanced from the same period last year.

The company's earnings came in at $712 million, or $1.26 per share. This compares with $469 million, or $0.84 per share, in last year's second quarter.

Excluding items, Archer-Daniels-Midland reported adjusted earnings of $754 million or $1.33 per share for the period.

Analysts had expected the company to earn $0.99 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 40.8% to $22.93 billion from $16.28 billion last year.

Archer-Daniels-Midland earnings at a glance:

-Earnings (Q2): $754 Mln. vs. $475 Mln. last year. -EPS (Q2): $1.33 vs. $0.85 last year. -Analysts Estimate: $0.99 -Revenue (Q2): $22.93 Bln vs. $16.28 Bln last year.