Archer Daniels Midland Co. (ADM) has reported financial results for the second quarter ended June 30, 2016.
ADM said as-reported earnings per share (EPS) of 48 cents included a charge of 9 cents per share related to last in/first out, gains of 17 cents per share related to sales or revaluation of assets and other charges of 1 cent per share. Excluding these items, adjusted EPS was 41 cents.
“After a challenging start to the year, general market conditions began to turn at th
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