Archer-Daniels Midland Q2 2024 Adj. EPS $1.03 Misses $1.22 Estimate, Sales $22.248B Miss $23.177B Estimate
Portfolio Pulse from Benzinga Newsdesk
Archer-Daniels Midland (NYSE:ADM) reported Q2 2024 earnings of $1.03 per share, missing the analyst estimate of $1.22 by 15.57%. Sales were $22.248 billion, also below the $23.177 billion estimate. Both earnings and sales showed significant declines from the same period last year.
July 30, 2024 | 11:02 am
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Archer-Daniels Midland (NYSE:ADM) reported Q2 2024 earnings of $1.03 per share, missing the analyst estimate of $1.22 by 15.57%. Sales were $22.248 billion, also below the $23.177 billion estimate. Both earnings and sales showed significant declines from the same period last year.
ADM's Q2 2024 earnings and sales both missed analyst estimates and showed significant year-over-year declines. This is likely to negatively impact the stock price in the short term as investors react to the disappointing financial performance.
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