Archer Daniels Reports Q1 Profit And Revenue Misses

Archer Daniels Midland Co. reported first-quarter profit and revenue misses early Tuesday. Earnings for the latest quarter rose to $339 million, or 59 cents per share, from $230 million, or 39 cents per share in the year-earlier period. Adjusted earnings-per-share were 60 cents, compared with the FactSet consensus of 62 cents. Revenue rose to $14.99 million from $14.38 million, compared with the FactSet consensus of $15.10 million. Archer Daniels shares rose 4.0% over the last three months, compared with a 4.7% rise in the S&P 500 .