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ADM reports strong earnings for first quarter

UNDATED— Archer Daniels Midland Company (NYSE: ADM) today reported financial results for the quarter ended adm-logo_cirr_2cpMar. 31, 2014. The company reported adjusted earnings per share of $0.55, up from $0.46 in the same period last year.

Net earnings for the quarter were $267 million, or $0.40 per share, comparable to the $0.41 per share in the same period one year earlier. Segment operating profit was $691 million, up 10 percent from the year-ago period. Adjusted segment operating profit was $780 million, up 17 percent from the year-ago period.

ADM operates three of the larger elevators in Hutchinson.

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