CORRECTION: Archer-Daniels Midland Q2 Adj. EPS $1.84 Beats $1.44 Estimate, Sales $22.681B Beat $21.788B Estimate
Archer-Daniels Midland (NYSE:ADM) reported quarterly earnings of $1.84 per share which beat the analyst consensus estimate of $1.44 by 27.78 percent. This is a 97.85 percent increase over earnings of $0.93 per share
ADM made much more money than people expected this quarter—earning $1.84 per share instead of the predicted $1.44, and also selling more stuff than forecasted. When a big company beats expectations like this, it's a sign their business is running well, so it's worth watching to see if they keep this up.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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