ADM: Q1 Earnings Snapshot
By Ap News
Published - Apr 30, 2024, 07:17 AM ET
Last Updated - Apr 30, 2024, 07:17 AM EDT
CHICAGO (AP) — CHICAGO (AP) — Archer Daniels Midland Co. (ADM) on Tuesday reported first-quarter net income of $729 million.
The Chicago-based company said it had profit of $1.42 per share. Earnings, adjusted for non-recurring costs, came to $1.46 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.35 per share.
The agribusiness giant posted revenue of $21.85 billion in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $22.4 billion.
