ADM Reports First Quarter Adjusted Earnings of $0.42 per Share
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Archer Daniels Midland (ADM) Misses Q1 EPS by 3c
May 3, 2016 7:03 AM EDTArcher Daniels Midland (NYSE: ADM) reported Q1 EPS of $0.42, $0.03 worse than the analyst estimate of $0.45. Revenue for the quarter came in at $14.38 billion versus the consensus estimate of $17.02 billion.
Challenging market conditions continued in the first quarter, particularly affecting Ag Services, said ADM Chairman and CEO Juan Luciano. Low U.S. export volumes and weak margins continued, and in the quarter, poor results from the global trade desk impacted... More
