ADM's Third Quarter Earnings Fall; Sales Increase

ADM’s (Decatur, IL) third-quarter 2012, ending March 31, net earnings fell 31% year-on-year, to $399 million.  Adjusted earnings fell 12%, to 78 cts/share and include the impact of LIFO charges, restructuring costs, and other adjustments. Net earnings of 60 cts/ slightly beat analysts’ estimates of 59 cts/share, according to Thomson Reuters (New York). The company’s net sales increased 5% year-on-year, to $21.2 million and are expected to increase as global supplies of corn and soybeans tighten and worldwide demands for crops and...

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