Market Overview

Archer-Daniels Midland: Q2 Earnings Insights

Share:

Shares of Archer-Daniels Midland (NYSE:ADM) rose 1% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 41.67% year over year to $0.85, which beat the estimate of $0.51.

Revenue of $16,281,000,000 declined by 0.10% from the same period last year, which beat the estimate of $16,000,000,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Archer-Daniels Midland hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Jul 29, 2020

Time: 08:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/3fgg7z8w

Price Action

52-week high: $47.20

52-week low: $28.92

Price action over last quarter: Up 16.86%

Company Description

Archer Daniels Midland is a major processor of oilseeds, corn, wheat, and other agricultural commodities. Additionally, the company owns an extensive network of logistical assets to store and transport crops around the globe. Its end products include vegetable oil and meal, corn sweeteners, flour, feed ingredients, ethanol, and natural flavors.

 

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Posted-In: Earnings