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ADM reports drop in third-quarter profit

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ADM reports drop in third-quarter profit

Nov 19, 2024 9:20 PM

Nov 18 (Reuters) - Global grain trader

Archer-Daniels-Midland ( ADM ) posted a drop in third-quarter

profit, hurt by weak crush margins in North America, its delayed

filing showed on Monday.

The company reported net earnings of $18 million, or 4 cents

per share, for the quarter ended Sept. 30, compared with $821

million, or $1.52 per share, a year ago.

(Reporting by Sourasis Bose in Bengaluru; Editing by Sriraj

Kalluvila and Arun Koyyur)

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