ADM: Q3 Earnings Snapshot
By AP News
Published - Nov 18, 2024, 04:37 PM ET
Last Updated - Dec 16, 2024, 05:20 PM EST
CHICAGO (AP) — CHICAGO (AP) — Archer Daniels Midland Co. (ADM) on Monday reported third-quarter earnings of $18 million.
The Chicago-based company said it had net income of 4 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.09 per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.
The agribusiness giant posted revenue of $19.94 billion in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $20.63 billion.
