Archer-Daniels-Midlands Expects Lower Q3 Operating Profit For AG Services And Oilseeds Segment From Last Year
Portfolio Pulse from Benzinga Newsdesk
Archer-Daniels-Midlands (ADM) expects a lower Q3 operating profit for its AG Services and Oilseeds segment compared to last year, as discussed in a recent conference call.
July 30, 2024 | 1:30 pm
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Archer-Daniels-Midlands (ADM) expects a lower Q3 operating profit for its AG Services and Oilseeds segment compared to last year, which could negatively impact the stock price in the short term.
The announcement of lower expected operating profit for a significant segment like AG Services and Oilseeds is likely to be viewed negatively by investors, potentially leading to a short-term decline in ADM's stock price.
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