SOURCE: Industrial Info Resources

Industrial Info Resources

May 02, 2012 06:30 ET

Paltry Ethanol Margins Hinder Archer Daniels Midland's Profits in Fiscal Third-Quarter 2012, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - May 2, 2012) - 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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