Archer-Daniels-Midland (ADM 3.93%) published its fourth-quarter earnings results before the market opened Tuesday, and investors sent the stock higher. The agricultural commodities company's share price closed out the session up by 3.9%, according to data from S&P Global Market Intelligence.ADM's stock gained ground despite the fact that its Q4 performance missed expectations. It posted non-GAAP (adjusted) earnings of $1.36 per share on revenue of $22.98 billion. The analysts' average estimates had called f ...

Archer Daniels Midland Company (ADM) posted fourth-quarter 2023 results, wherein the top line missed the Zacks Consensus Estimate but the bottom line beat the same. Both metrics declined year over year.Adjusted earnings of $1.63 per share in the fourth quarter outpaced the Zacks Consensus Estimate of $1.42. However, the figure declined 30% from $1.93 in the year-ago quarter. On a reported basis, Archer Daniels’ earnings were $1.06 per share, down 42% from the year-ago quarter’s $1.84.Revenues fell 11.4% yea ...

Archer-Daniels-Midland Company (NYSE:ADM) Q4 2023 Earnings Conference Call March 12, 2024 9:00 AM ET Company Participants Megan Britt - Vice President of Investor Relations Juan Luciano - Chairman and Chief Executive Officer Ismael Roig - Interim Chief Financial Officer Conference Call Participants Adam Samuelson - Goldman Sachs Tom Palmer - Citi Andrew Strelzik - BMO Capital Markets Ben Bienvenu - Stephens Ben Theurer - Barclays Manav Gupta - UBS Salvator Tiano - Bank of America Steven Haynes - Morgan Stan ...

Archer-Daniels-Midland Co. (ADM), a leading global grains merchant, disclosed lower-than-expected earnings for the fourth quarter on Tuesday.The announcement comes after an internal investigation into the company’s accounting practices caused a nearly two-month delay in the release of its financial results. ADM reported adjusted earnings of $1.36 per share for the quarter, falling short of analysts’ expectations of $1.43 per share, as per LSEG data.DOJ investigation intensifiesCopy link to sectionThe compan ...

Archer-Daniels-Midland (NYSE:ADM) stock is in focus today after the firm reported that it slightly altered its financial results between 2018 and 2023. The agricultural products company noted that a number of its employees have now been subpoenaed by the U.S. Department of Justice (DOJ), which is investigating the firm. The DOJ probe into Archer-Daniels-Midland’s accounting standards is also reportedly progressing at a rapid pace. ADM Stock and Financial IrregularitiesSo, what exactly was irregular about th ...

Archer Daniels Midland (ADM) reported $22.98 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 12.4%. EPS of $1.36 for the same period compares to $1.93 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $23.65 billion, representing a surprise of -2.85%. The company delivered an EPS surprise of -4.23%, with the consensus EPS estimate being $1.42.While investors scrutinize revenue and earnings changes year-over-year and how they compare ...

Archer Daniels Midland (ADM) came out with quarterly earnings of $1.36 per share, missing the Zacks Consensus Estimate of $1.42 per share. This compares to earnings of $1.93 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.23%. A quarter ago, it was expected that this agribusiness giant would post earnings of $1.50 per share when it actually produced earnings of $1.63, delivering a surprise of 8.67%.Over the last four quarte ...

Proprietary business information of ADM. Fourth Quarter and Full Year 2023 Earnings ...

CHICAGO--(BUSINESS WIRE)--ADM (NYSE: ADM) today provided an update with respect to the internal investigation led by the Audit Committee of its Board of Directors regarding certain accounting practices and procedures with respect to ADM’s Nutrition reporting segment, including as related to certain intersegment sales. The investigation was initially disclosed in January 2024. “ Our strong commitment to compliance and integrity in our financial reporting is evidenced by the diligence and breadth with which ...

With another strong jobs report in the bag, the concept of targeting consumer staples stocks might seem overly cautious. Here’s the thing: nothing lasts forever.Last year, an alarming statistic pointed out that 93% of homebuyers have regrets about purchasing a home in 2023. That’s the real issue that investors need to be aware of. If circumstances were so bullish, why such a high magnitude of regret?It’s time to read between the lines. The American people have struggled for years now with high inflation and ...