Archer Daniels Midland, Kellogg Announce Earnings

Archer Daniels Midland (ADM) announced that it earned $510 million or 77 cents per share during the most recent fiscal quarter, up from $80 million, or 12 cents per share during the same period last year when it was undergoing a restructuring. Excluding certain items, earnings were 60 cents per share versus 51 cents in the same period last year. Revenue increased by seven percent to $24.92 billion.