Grain trader ADM beats first-quarter profit estimates
May 5 (Reuters) - Archer-Daniels-Midland ADM.N beat Wall Street estimates for first-quarter adjusted profit on Tuesday, as the company benefited from higher margins in its grain trading business. The Chicago-based company posted an adjusted profit of 71 cents per share for the three months ended March 31, compared with analysts' average estimate of 66 cents, according to data compiled by LSEG. (Reporting by Katha Kalia in Bengaluru; Editing by Shailesh Kuber) ((Katha.Kalia@thomsonreuters.com;))
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