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Archer Daniels reports lag in 4Q earnings, shares down 5 pct

Archer Daniels reports lag in 4Q earnings, shares down 5 pct. The Chicago company reported fourth-quarter profit of $315 million, down sharply from the $788 million profit n the same quarter last year when it benefited from the Trump administration's tax overhaul. Archer Daniels Midland Co. had profit of 56 cents per share, or 88 cents per shares when one-time gains and costs are removed. ADM reported "extremely small volumes" of soybean exports to China since tariffs were imposed, but said more corn and soybeans are being exported to other countries, which improved export margins.

First found on: chicago.cbslocal.com And then on: 1 other references