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Archer Daniels Midland (ADM) Stock Drops After Q2 Miss

NEW YORK (TheStreet) -- Shares of Archer Daniels Midland (ADM) are slumping 2.80% to $43 in pre-market trading as the Decatur, IL-based seed processor reported lower-than-expected earnings and revenue before today's opening bell.

Archer Daniels Midland reported earnings of 41 cents per share, falling short of analysts' projected 45 cents per share. Revenue came in at $15.63 billion, missing analysts' expected $16.71 billion.

Last year, the company posted earnings of 60 cents per share on revenue of $17.9 billion.

Archer Daniels Midland's merchandising and handling earnings fell due to compressed margins across the U.S. grain handling network, the company said. Transportation results decreased as a...


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