ADM Q2 Beats Estimates

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Archer Daniels Midland has released its preliminary Q2 2013 results, and the numbers beat analyst estimates. For the quarter, revenue came in at just under $25 billion, while net profit according to GAAP was $510 million, $0.77 per diluted share. Both compare favorably with Q2 2012's figures of $23.3 billion and $80 million ($0.12 diluted EPS), respectively.

Adjusted net profit for the period amounted to $0.60 per share, representing a strong gain on the $0.51 ADM posted in the same period the previous year.

On average, analysts had been expecting an EPS of $0.58 and top line of $21.2 billion. 


The company attributed the improvements to strong worldwide demand for products derived from oilseed, among other factors.

The article ADM Q2 Beats Estimates originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no position in Archer Daniels Midland. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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