- Archer Daniels Midland's (ADM) Q2 earnings fell 21% and sales weakened, as results were constrained by tight U.S. crop supplies.
- Raised its provision to settle an investigation by the U.S. Department of Justice and SEC to $54M from $25M.
- Gross margin was flat at 3.6%.
- ADM had warned of a difficult Q2, and says it will be "managing through tight crop supplies until the forecast large but delayed U.S. harvest."
- Shares -1.4% premarket.
More on Archer Daniels Midland's Q2 results
Aug 6 2013, 08:18 ET