BRIEF-ADM Q4 earnings per share $0.56

Tue, 04 Feb - 10:11pm

Feb 4 (Reuters) - Archer Daniels Midland Co ADM.N :

* Adm reports strong adjusted fourth quarter 2013 earnings of $0.95 per share

* Q4 adjusted earnings per share $0.95

* Q4 earnings per share view $0.85 -- Thomson Reuters I/B/E/S

* Q4 earnings per share $0.56

* Qtrly net sales & other operating income $24.14 billion versus $24.92 billion

* Says oilseeds operating profit in the fourth quarter was $478 million, up $67

million from the same period one year earlier

* Q4 revenue view $24.70 billion -- Thomson Reuters I/B/E/S

* Says agricultural services operating profit in the fourth quarter was $201

million, down $54 million

* Says "continue to see strong global demand for our products and large crop

supplies"

* Expect continued good utilization of our North American network until South

America's large harvest reaches global markets"

* Says "lower corn costs and improved ethanol margins helped support a

significant improvement in our corn business"

* Oilseeds performance was driven by robust global demand for meal and by

improved biodiesel results in North America and Europe

* Says ag services business was impacted by the slow farmer-selling of corn and

challenges in international merchandising

* Source text for Eikon News Search ID:nBw50gltya

* Further company coverage ADM.N ((Bangalore Newsroom; +1 646 223 8780))

URN: 
urn:newsml:reuters.com:20140204:nASA08PSI:16
Topics: 
GRA FOTB SFTS CMPNY BLR FOBE RTRS COF OILS SUG RESF COC NCYC FERT FOOD1 RET US RES FOD SOY1 AU AGRI CYCS COR COM ASIA SHOP LEN NEWS1 BACT AMERS

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