Archer-Daniels-Midland Co. (ADM) Misses Q1 EPS by 19c

Archer-Daniels-Midland Co. (NYSE: ADM) reported Q1 EPS of $0.55, $0.19 worse than the analyst estimate of $0.74. Revenue for the quarter came in at $20.7 billion versus the consensus estimate of $22.04 billion.

"Our businesses delivered mixed results in the first quarter,” said ADM Chairman and CEO Patricia Woertz. “Our Ag Services business again generated weak results due to a low margin environment as well as logistics and weather challenges in the U.S. Continued strong performance in Corn was supported by the robust ethanol market. And the sustained, solid results in Oilseeds were driven by good margins and volumes in North and South American soybean crushing.

“We continued to make good progress during the quarter in our ongoing portfolio management and other key initiatives to improve the earnings power and returns of the company.”

For earnings history and earnings-related data on Archer-Daniels-Midland Co. (ADM) click here.

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