Paltry Ethanol Margins Hinder Archer Daniels Midland's Profits
Paltry Ethanol Margins Hinder Archer Daniels Midland's Profits in Fiscal Third-Quarter 2012, an Industrial Info News Alert
SUGAR LAND, TX -- (Marketwire) -- 05/02/12 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- Agricultural product leader Archer Daniels Midland Company (NYSE:ADM) reported weakened earnings in the company's fiscal third quarter of 2012, as diminished ethanol margins and a turbulent European market proved to be a drag on profits. Net earnings for the quarter were reported to be $399 million, a 30.97% decrease from fiscal third-quarter 2011.
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