Agribrands International, Inc. (NYSE: AGX) yesterday announced second quarter net earnings of $3.9 million compared to $11.0 million for the prior year. Diluted earnings per share for the quarter were $0.38 compared to $1.04 for the prior year. Excluding merger expenses and restructuring charges, operating profit for the current quarter was $8.2 million compared to $13.5 million for the same quarter last year.