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ADM: 1Q Earnings Snapshot

ADM: 1Q Earnings Snapshot

Associated Press

CHICAGO (AP) _ Archer Daniels Midland Co. (ADM) on Friday reported first-quarter earnings of $233 million.

The Chicago-based company said it had profit of 41 cents per share. Earnings, adjusted for one-time gains and costs, came to 46 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.

The agribusiness giant posted revenue of $15.3 billion in the period.

ADM shares have climbed roughly 2 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 17 percent. The stock has fallen 9 percent 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