Market Overview

UPDATE: Archer Daniels Midland Posts Drop In Q4 Profit

Related ADM
UPDATE: Mosaic Reports Will Purchase Archer-Daniels-Midland's Brazil, Paraguay Fertilizer Unit for $350M
Andersons Upgraded to Strong Buy - Analyst Blog

Archer Daniels Midland Co (NYSE: ADM) reported a drop in its fourth-quarter profit.

Archer Daniels Midland's quarterly profit declined to $374 million, or $0.56 per share, versus a year-ago profit of $510 million, or $0.77 per share. Its adjusted earnings came in at $0.95 per share.

Its net sales fell to $24.14 billion versus $24.92 billion. However, analysts were expecting earnings of $0.85 per share on sales of $25.34 billion.

Archer Daniels Midland shares closed at $38.91 yesterday.

Posted-In: profitEarnings News

 

Most Popular

Related Articles (ADM)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free