Archer Daniels Midland (ADM) Tops Q3 EPS by 8c
Archer Daniels Midland (NYSE: ADM) reported Q3 EPS of $0.97, $0.08 better than the analyst estimate of $0.89.
“Agile execution across our tightly integrated supply chain amid an environment of strong demand and robust crush margins, and continued impressive growth in Nutrition, drove our eighth consecutive quarter of year-over-year adjusted operating profit growth,” said Chairman and CEO Juan Luciano.
“Our team’s great ability to leverage the favorable operating environment, and the consistent implementation of our strategic plan, have put ADM on track for a strong fourth quarter culminating in a second consecutive year of record earnings per share. And as we look ahead, we remain optimistic in sustainable earnings growth in the medium term as we continue to execute our strategy, including the dynamic positioning of our business portfolio.”
For earnings history and earnings-related data on Archer Daniels Midland (ADM) click here.
