February 7, 2017 / 12:21 PM / 7 months ago

Archer Daniels Midland's profit falls 41 pct

Feb 7 (Reuters) - U.S. agricultural trader Archer Daniels Midland Co reported a 41 percent drop in quarterly profit from a year earlier, when the company recorded one-time gains of nearly $400 million.

Net earnings attributable to the company fell to $424 million, or 73 cents per share, in the fourth quarter ended Dec. 31, from $718 million, or $1.19 per share, a year earlier.

Revenue rose marginally to $16.50 billion. (Reporting by Karl Plume in Chicago and Arathy S Nair in Bengaluru; Editing by Sriraj Kalluvila)

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