(Reuters) — U.S. agribusiness Archer Daniels Midland Co. reported higher third quarter earnings on Tuesday on strong corn and soybean processing margins, but revenue fell from a year ago.
Illinois-based ADM reported net earnings of US $747 million, or $1.14 per share, up from $476 million, or 72 cents a share, in the same quarter a year ago.
Adjusted earnings were 81 cents per share, up from 47 cents a year ago. Analysts had expected 73 cents, according to Thomson Reuters.
Revenue was $18.18 billion, down from $21.39 billion a year earlier.
