Archer-Daniels Midland Q4 Adj EPS $1.36 Misses $1.43 Estimate
Portfolio Pulse from Benzinga Newsdesk
Archer-Daniels Midland (ADM) reported Q4 adjusted earnings per share of $1.36, missing the consensus estimate of $1.43 by 4.9%. This represents a 29.53% decrease from the same period last year.
March 12, 2024 | 11:05 am
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Archer-Daniels Midland reported lower than expected Q4 earnings, with a significant year-over-year decrease.
Missing earnings estimates and reporting a significant decrease in earnings year-over-year are both negative indicators for a stock's short-term performance. Investors may react negatively to this news, potentially leading to a decrease in ADM's stock price in the short term.
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