ADM - ADM profit eroded by 'challenging market conditions' but sets guidance above Street view
2024-04-30 08:07:55 ET
Faced with “challenging market conditions” and “supply chain complexity”, ADM ( NYSE: ADM ) realized a 30% decline in profits for Q1 as lower pricing and execution margins weighed. Total revenue was down 9.2% from the same quarter last year to $21.8B, missing the Street consensus by $430M, while an adjusted profit of $1.46 was 9 cents better than expected....
ADM profit eroded by 'challenging market conditions' but sets guidance above Street view