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The company said Tuesday that it earned $496 million, or 77 cents per share, compared with $1.04 billion, or $1.62 per share, last year. Analysts expected a profit of 57 cents per share. Revenue fell 29 percent, to $14.9 billion.
Archer Daniels Midland Company announced October 5 the expansion of its European oilseed processing capabilities with the acquisition of ViaChem Group’s oilseed processing assets in
DECATUR, Ill.--(BUSINESS WIRE)--Archer Daniels Midland Company (NYSE:ADM - News) today announced earnings of $ 496 million and net sales
http://finance.yahoo.com/news/Archer-Daniels-Midland-bw-2469816459.html?x=0
Archer Daniels Midland Co. said Tuesday that its first-quarter profit tumbled 53 percent as the global recession dragged down demand for crops and ethanol, but demand is improving in some key markets.
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Nov 05, 2009 (Datamonitor via COMTEX) --
Archer Daniels Midland Company, a supplier of cocoa and chocolate ingredients, has reported that its net earnings for the first quarter ended September 30, 2009 were $496 million or $0.77 per share, down 53%, compared to $1.04 billion or $1.62 per share for the first quarter ended September 30, 2008.
The company's net sales for the first quarter ended September 30, 2009 were $14.9 billion, a decrease of 29%, compared to $21.16 billion for the first quarter ended September 30, 2008.
Patricia Woertz, chairman and CEO of the company, said: "Earnings were significantly better than the second half of fiscal 2009. As we advance our growth strategy, we are using our financial strength to build shareholder value. Looking ahead, we see demand improving in some key markets, and we have the assets and acumen to capture value as the global economy resets."
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Tags: ceo cocoa earnings economy
Companies: Archer-Daniels-Midland Co. (ADM)
Nov 04, 2009 (Wall Street Horizon via COMTEX) --
Archer Daniels Midland Company (ADM)
Expected next earnings release: Announcement date: 2/3/2010 - Before Market Earnings Quarter: Q2 Announcement Status: Unconfirmed
Expected next investor conference call information: Conference Call Date: 11/3/2009 Conference Call Time (ET): 9:00 AM Conference Call URL: http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=82972&eventID=2482042
Tags: conference corporate earnings market
Companies: Archer-Daniels-Midland Co. (ADM)
Nov 05, 2009 (Fresh Brewed Media via COMTEX) --
Archer Daniels Midland (NYSE: ADM) hit a new 52-Week high of $32.74 so far today. Currently the stock is up $0.18 (0.56%) to $32.39 on 2,384,454 shares traded. Today's high is up $12.39 from a 52-Week Low of $20.00. Archer Daniels Midland stock has been showing support around $31.24 and resistance in the $33.10 range. Technical indicators for the stock are neutral and S&P gives ADM a neutral 3 STARS (out of 5) hold ranking. The stock is trading at a new high today following better than expected earnings earlier this week. On Tuesday the company reported Q3 earnings of 77 cents per share, above the 56 cents that analysts had been expecting to see. If you are looking for a hedged play on ADM the stock seems like it could be a candidate for a March out-of-the-money bull-put credit spread below the 25 range.
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Companies: Archer-Daniels-Midland Co. (ADM)
DECATUR, Ill., Nov 05, 2009 (BUSINESS WIRE) --
Archer Daniels Midland Company (NYSE: ADM) announced today at its 86th Annual Stockholders' Meeting that nine incumbent directors were re-elected to its Board. The directors re-elected are: George W. Buckley, Mollie Hale Carter, Donald E. Felsinger, Victoria F. Haynes, Antonio Maciel Neto, Patrick J. Moore, Thomas F. O'Neill, Kelvin R. Westbrook and Patricia A. Woertz.
M. Brian Mulroney did not stand for re-election pursuant to the Company's corporate governance guidelines.
Cash Dividend Declared The Board of Directors of ADM also declared a cash dividend of 14 cents per share on the Company's stock payable December 10, 2009, to Stockholders of record November 19, 2009.
This is ADM's 312th consecutive quarterly payment, a record of 78 years of uninterrupted dividends. As of September 30, 2009, there were 642,276,604 shares of ADM stock outstanding.
About ADM Every day, the 28,000 people of Archer Daniels Midland Company (NYSE: ADM) turn crops into renewable products that meet the demands of a growing world. At more than 230 processing plants, we convert corn, oilseeds, wheat and cocoa into products for food, animal feed, chemical and energy uses. We operate the world's premier crop origination and transportation network, connecting crops and markets in more than 60 countries. Our global headquarters is in Decatur, Illinois, and our net sales for the fiscal year ended June 30, 2009, were $69 billion. For more information about our Company and our products, visit www.adm.com.
SOURCE: Archer Daniels Midland Company
Archer Daniels Midland Company David Weintraub, 217-424-5413 Director, External Communications media@adm.com
Tags: cocoa corn corporate crops dividend dividends election energy food illinois nyse products transportation wheat
Companies: Archer-Daniels-Midland Co. (ADM)
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Energy, Financials, and Commodities to Watch Today; MasterCard Beats Estimates; Treasury May Broaden Rescue Plan; More than 170 Companies Reporting Earnings Today; Citigroup, Apple, and Alcoa First Movers in Today's Session; Archer-Daniels-Midland Profit More Than Doubles on Higher Grain Prices,
http://www.zibb.com/article/4304056/Video+Starting+Bell+Market+Open
For customers around the world, ADM draws on its resources - its people, products, and market perspective - to help them meet today's consumer demands and envision tomorrow's needs. ADM is a global leader with expanding business interests on six continents.
http://www.confectionerynews.com/news-by-product/indexByCpyEntry.asp?id=3467&page=2&pff=1
San Diego - – Published today by ICON Group International, Ltd. Two of the most comprehensive studies to date on labor productivity and vertical gap analysis benchmarks for Archer Daniels Midland Co. (NYSE, BSE, MSE, PBW, PCS: ADM).
http://www.icongrouponline.com/pr/Archer_Daniels_Midland_Co_US/PR.html
Director of BHP Limited since November 1996 and Chairman since April 1999. Chairman of BHP Billiton Limited and BHP Billiton Plc since June 2001. Mr Argus is standing for re-election at the 2008 Annual General Meetings.
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Information about Archer Daniels Midland Incorporated ... RSS feeds allow Web site content to be gathered via feed reader software.
ADM to Webcast Annual Meeting of Stockholders - Zibb.com. DECATUR, Ill., Oct 22, 2009 (BUSINESS WIRE) -- Archer Daniels Midland Company's (NYSE: ADM) Annual Meeting of ...
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RSS feeds allow Web site content to be gathered via feed reader software ... Tags: Nancy Argenziano, Dan Gelber, Matt Damon, Archer Daniels Midland Incorporated, David Simmons
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RSS feeds allow Web site content to be gathered via feed reader software ... Earnings Forecasts, Archer Daniels Midland Incorporated, Sales, Ethanol
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