ADM reports lower revenues year over year in third-quarter 2024 owing to a decline in sales across most of its segments.
The headline numbers for ADM (ADM) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Archer Daniels Midland (ADM) came out with quarterly earnings of $1.09 per share, missing the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.63 per share a year ago.
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ALB, ADM and AR have been added to the Zacks Rank #24 (Strong Sell) List on November 7, 2024.
The agriculture giant is expecting weaker profitability for its recently completed third quarter, and cut its bottom-line guidance for 2024.
Shares in Archer-Daniels-Midland (ADM) sank as the maker of agricultural commodities canceled an earnings conference call scheduled for Tuesday and announced restating previous results amid additional concerns about its accounting practices.
ADM announces preliminary results for the third quarter of 2024. The Nutrition business witnesses lower-than- expected results due to the weaker market conditions.
24/7 Wall St. Insights The market is pricing in two 25-basis-point rate cuts for the rest of 2024.
The agricultural firm reported weaker-than-expected third-quarter earnings, and cancelled its earnings conference call.
Archer Daniels Midland Co.'s stock tumbled 6% early Tuesday, after the food-processing and ethanol giant published guidance for the third quarter that lags estimates and said it would restate prior financials.
AOS, ARCH and ADM have been added to the Zacks Rank #24 (Strong Sell) List on November 5, 2024.