Low export volumes and weak margins contributed to lower-than-expected first-quarter financial results for Archer Daniels Midland Co. (ADM) for the period ended March 31, 2016, the company announced this week.
ADM reported adjusted earnings per share of 42 cents, down from 78 cents in the same period last year. Included in these results was a loss of 8 cents per share related to updated portfolio valuations in an investment joint venture. Adjusted segment operating profit was $573
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