Archer Daniels Midland (ADM) PT Raised to $111 at Stifel
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Pre-Open Stock Movers 04/26: MagnaChip Gains on Deal Talk; Universal Health, GE Dip on Earnings (more...)
April 26, 2022 8:54 AM EDTPre-Open Stock Movers:
Evoke Pharma (NASDAQ: EVOK) 156% HIGHER; granted new drug product exclusivity by the FDA for GIMOTI (metoclopramide) nasal spray.
Protagonist Therapeutics (Nasdaq: PTGX) 32% LOWER; announced mixed topline results from the Phase 2 IDEAL study evaluating PN-943 in patients with moderate-to-severe ulcerative colitis (UC).
MagnaChip (NYSE: MX) 21% HIGHER; South Korea's LX Group will submit a letter of intent... More
ADM sees years of tight global crop supplies, strong 2022 profit outlook
April 26, 2022 7:07 AM EDTBy Karl Plume and Ruhi Soni
(Reuters) - Global supplies of key crop staples will remain tight for at least two years after harvest shortfalls in some countries and shipping disruptions triggered by Russia's invasion of Ukraine, Archer-Daniels-Midland Co said on Tuesday.
Demand will likely outpace supplies until at least 2024, resulting in high crop prices that will draw grain stocks out of storage and encourage South American farmers to plant more, the grains merchant said after posting a better-than-expected quarterly profit.
"We are already tight from a supply-demand perspective and we will get tighter as demand... More
Archer Daniels Midland (ADM) Tops Q1 EPS by 50c
April 26, 2022 7:00 AM EDTArcher Daniels Midland (NYSE: ADM) reported Q1 EPS of $1.90, $0.50 better than the analyst estimate of $1.40. Revenue for the quarter came in at $23.65 billion versus the consensus estimate of $20.61 billion.
For earnings history and earnings-related data on Archer Daniels Midland (ADM) click here.
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