ADM - Archer-Daniels-Midland Beats Q1 Earnings Expectations But Misses Revenue Targets: What's Next for The Agri-Giant? | Benzinga
Archer-Daniels-Midland Company (NYSE:ADM) shares are trading lower on Tuesday.
The company reported first-quarter adjusted earnings per share of $1.46, beating the analyst consensus of $1.36.
Quarterly revenues of $21.85 billion missed the street view of $22.27 billion.
Adjusted segment operating profit was $1.317 billion for the first quarter, a 24% decrease from the prior year.
AS&O segment operating profit was $864 million during the first quarter of 2024, down 29% compared to the prior year period.
Slower farmer selling also negatively impacted export volumes and margins in South America.
The operating ...