ADM's Profit Drops Less Than Expected on Higher Volumes [BNN Bloomberg (Canada)]
Archer-Daniels-Midland Company (ADM)
Last archer-daniels-midland company earnings: 4/29 04:05 pm
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US:NYSE Investor Relations:
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Source: BNN Bloomberg
Adjusted per-share earnings in the three months ended March 31 dropped 30% from a year earlier to $1.46, beating the $1.37 average of analyst estimates compiled by Bloomberg, the company said in a statement Tuesday. “ADM's solid first quarter results showcased our team's ability to execute our strategy with agility in the face of anticipated challenging market conditions,” Chief Executive Officer Juan Luciano said in the statement. ADM said it processed 9.39 million metric tons of oilseeds in the first quarter, up 8.8% from a year earlier and more than anticipated by analysts. ADM — the ‘A' in the so-called ABCD group of major crop merchants — has been under the spotlight since an accounting scandal in January wiped out more than $8 billion in market value in a single day. While a $137 million impairment charge disclosed last month was seen by analysts as mostly immaterial, prompting shares to bounce back, the company is still being investigated, including by the Department of
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ADM
Earnings
- 4/30/24 - Beat
ADM
Sec Filings
- 5/9/24 - Form SC
- 5/7/24 - Form 4
- 5/7/24 - Form 144
- ADM's page on the SEC website