Archer Daniels (ADM) Q1 Earnings Beat Estimates, Revenues Down

Archer Daniels Midland Company (ADM) posted first-quarter 2024 results, with the top line missing the Zacks Consensus Estimate and the bottom line beating the same. Both metrics declined year over year.Adjusted earnings of $1.46 per share in the first quarter outpaced the Zacks Consensus Estimate of$1.35. However, the figure declined 30% from earnings of $2.09 per share in the year-ago quarter. On a reported basis, Archer Daniels’ earnings were$1.42 per share, down 33% from the year-ago quarter’s $2.12.Re ...