Archer Daniels second-quarter earnings fall short of expectations

Archer Daniels Midland Company ADM, +0.32% reported second-quarter earnings on Thursday that missed Wall Street expectations. Profit fell to $235 million, or 42 cents a share, from $566 million, or $1 a share, a year ago. Adjusted EPS was 60 cents a share, missing the FactSet consensus of 61 cents a share. Revenue fell to $16.297 billion from $17.068 billion a year ago, also missing the FactSet consensus of $16.822 billion.

"We took aggressive action in the face of challenging external conditions, and we are confident that our work over the first half of the year will help deliver a stronger back half," said Archer Daniels CEO Juan Luciano in a statement. "We are also seeing early signs of how African Swine Fever might impact global animal protein markets, and eventually support incremental soybean meal demand in key meat-producing regions outside of China.

Mangan150 ... I can’t imagine where the damning of animal protein is coming from.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

'Avengers: Endgame' Helps Lift Imax Second-Quarter EarningsChristopher Nolan is shooting 'Tenet,' his upcoming action thriller, entirely with Imax cameras, says the giant screen exhibitor.
Fuente: THR - 🏆 411. / 53 Leer más »

Merck earnings beat Wall Street's expectationsMerck's second-quarter earnings and revenue easily beat Wall Street’s expectations, SquawkCNBC reports.
Fuente: CNBC - 🏆 12. / 72 Leer más »

General Electric beats low earnings expectations as cash flow stabilizesGeneral Electric reported second-quarter earnings on Wednesday that were slightly better than Wall Street expected. I doubt GE management is pleased with this photo!
Fuente: CNBC - 🏆 12. / 72 Leer más »

BNP Paribas' second-quarter profits buoyed by corporate and investment banking armBNP Paribas on Wednesday reported a net income of 2.47 billion euros ($2.76 billion) for the second quarter of the year, beating the 2.18 billion euros expected by analysts polled by Reuters.
Fuente: CNBC - 🏆 12. / 72 Leer más »