Archer Daniels (ADM) Q4 Earnings Beat, Revenues Dip Y/Y

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 ...