The company's alternative proteins business has had a tough 2023.
Chicago-based ADM Co. beat analysts’ expectations for its financial results in the third quarter, but the alt-protein business wasn’t much of a contributor.
The company reported revenues of $21.7 billion for the quarter ended Sept. 30, and net earnings of $821 million. For the same period in 2022, ADM reported revenues of $24.7 billion and net profits of $1.2 billion.…
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