#ADM says #profit tumbles and issues gloomy view; #shares drop | Mining, Drilling and Discovery | Scoop.it
Archer Daniels Midland Co's quarterly earnings tumbled 44 percent on severance and restructuring costs and weaker trading profits due to a global grain glut, and the agricultural trader offered a gloomy 2018 forecast, sending its shares dropping as much as 6.7 percent on Tuesday.