Archer-Daniels Midland Q2 EPS $1.89 Beats $1.60 Estimate, Sales $25.19B Miss $25.90B Estimate
Portfolio Pulse from Bill Haddad
Archer-Daniels Midland (NYSE:ADM) reported Q2 earnings of $1.89 per share, beating the analyst consensus estimate of $1.60 by 18.12%. However, this is a 12.09% decrease from last year's earnings. The company's quarterly sales of $25.19 billion missed the analyst consensus estimate of $25.90 billion by 2.74%, marking a 7.67% decrease from last year.
July 25, 2023 | 11:00 am
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Archer-Daniels Midland's Q2 earnings beat estimates but are down YoY. Sales missed estimates and are down YoY.
While Archer-Daniels Midland beat earnings estimates, the YoY decrease in both earnings and sales could potentially concern investors. The mixed results make the short-term impact on the stock price uncertain.
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IMPORTANCE 80
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