Earnings Roundup: ADM, Valero Energy

Among the earnings stories for Tuesday, Nov. 6, from AP Financial News:

CHICAGO (AP) _ Food processor Archer Daniels Midland Co. surprised Wall Street on Tuesday by reporting stronger-than-expected profits and surging sales despite a slowing of the ethanol boom, demonstrating its strength in oilseeds processing and agricultural services. Its stock leaped almost 7 percent.

SAN ANTONIO (AP) _ Valero Energy Corp., the nation's largest independent oil refiner, said Tuesday its third-quarter profit dropped almost 21 percent from a year earlier, but the current quarter was starting to improve.

DALLAS (AP) _ Tenet Healthcare Corp. said Tuesday its third-quarter loss narrowed on higher prices and slower declines in patient admissions, and the chief executive said a turnaround was gaining traction.

SEATTLE (AP) _ Online jewelry retailer Blue Nile Inc. on Tuesday said its third-quarter profit rose 6 percent, as international sales rose.

COLUMBUS, Ga. (AP) _ Movie theater operator Carmike Cinemas Inc. said Tuesday it swung to third-quarter profit as sales rose at the box office and concession counter, but earnings were still below Wall Street expectations.

BOSTON (AP) _ Boston Beer Co. Inc., which owns the Samuel Adams brand, Tuesday reported its third-quarter profit fell by nearly 50 percent due to an exise tax provision.

WEST CHESTER, Ohio (AP) _ Medical device maker AtriCure Inc. said Tuesday its third-quarter loss narrowed nearly 18 percent on strong U.S sales of open-heart devices.

NEW YORK (AP) _ Shares of Comstock Resources Inc. surged Tuesday after the oil and gas producer reported third-quarter earnings above Wall Street estimates.

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