ADM posts Q3 profits despite challenging first half

Company positioned well for solid finish to 2016.

Archer Daniels Midland Co. (ADM) reported on Nov. 1 its financial results for third quarter ended Sept. 30, 2016. Net income was $341 million, or 58 cents per share, an increase from $252 million during the same period last year. Net revenues fell 4.5% to $15.832 billion, down from from $16.565 billion during the same period last year.

“After working through the challenging environment in the first half of the year, we capitalized on improving operating conditions in the third quar

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