Archer Daniels Midland (ADM) Tops Q2 EPS by 5c

Archer Daniels Midland (NYSE: ADM) reported Q2 EPS of $0.57, $0.05 better than the analyst estimate of $0.52. Revenue for the quarter came in at $14.94 billion versus the consensus estimate of $16.17 billion.

“We continued to deliver on our strategic plan and capitalize on improving conditions in some markets to achieve strong 39 percent year-over-year earnings growth,” said ADM Chairman and CEO Juan Luciano.

“Our actions in the first half of the year reflect ADM’s continuous efforts to create shareholder value. We are diversifying our capabilities and geographic reach through acquisitions and organic expansions. We are aggressively managing costs and capital, and taking additional portfolio actions; and we are ahead of pace to meet our 2017 target of $225 million in run-rate savings.

“With these collective actions, we expect to deliver solid year-over-year earnings growth and returns in 2017, and we are poised to be an even stronger company in 2018.”

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

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