ADM reports first-quarter profit beat

Reuters
06 May
ADM reports first-quarter profit beat

May 6 (Reuters) - Grain trader Archer-Daniels-Midland ADM.N on Tuesday beat Wall Street expectations for first-quarter profit, helped by robust performance in its nutrition segment.

The Chicago-based company posted an adjusted profit of 70 cents per share for the three months ended March 31, compared with analysts' average estimate of 67 cents, according to data compiled by LSEG.

(Reporting by Mrinalika Roy in Bengaluru; Editing by Shinjini Ganguli)

((mrinalika.roy@thomsonreuters.com;))

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