Archer-Daniels-Midland Q4 Profit Increases, But Misses Estimates

Archer Daniels Midland

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Kaufen / Verkaufen

(RTTNews) - Archer-Daniels-Midland (ADM) revealed a profit for its fourth quarter that increased from the same period last year but missed the Street estimates.

The company's earnings came in at $567 million, or $1.17 per share. This compares with $565 million, or $1.06 per share, last year.

Excluding items, Archer-Daniels-Midland reported adjusted earnings of $550 million or $1.14 per share for the period.

Analysts on average had expected the company to earn $1.15 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 6.4% to $21.498 billion from $22.978 billion last year.

Archer-Daniels-Midland earnings at a glance (GAAP) :

-Earnings: $567 Mln. vs. $565 Mln. last year. -EPS: $1.17 vs. $1.06 last year. -Revenue: $21.498 Bln vs. $22.978 Bln last year.