NEW YORK (
Before the opening bell, the Chicago-based agribusiness company posted adjusted earnings of 59 cents per share, topping Wall Street's projections of 46 cents per share.
Revenue slid 4.4% year-over-year to $15.83 billion and fell short of analysts' expectations of $16.28 billion, according to FactSet.
Archer Daniels' agricultural services revenue rose 5.4% over last year to $6.96 billion.
The agricultural services division was helped by higher U.S. exports in the quarter, which created "improved merchandising opportunities as the global market relied heavily on U.S. exports of corn and soybeans," CEO Juan...