Grain trader Archer-Daniels-Midland beats second-quarter profit estimates
Grain trader Archer-Daniels-Midland beats second-quarter profit estimates Aug 4 (Reuters) - Archer-Daniels-Midland ADM.N beat Wall Street estimates for second-quarter adjusted profit on Tuesday, as the company benefited from higher margins in its grain trading business.
The Chicago-based company posted an adjusted profit of $1.84 per share for the three months ended June 30, compared with analysts' average estimate of $1.44 , according to data compiled by LSEG.
(Reporting by Sumit Saha in Bengaluru; Editing by Shinjini Ganguli)
Recent news on Archer-Daniels-Midland
See all newsUS RESEARCH ROUNDUP-Amgen, Carmax, Pfizer
ADM beats quarterly estimates, lifts annual profit forecast on stronger processing margins (updated)
Archer-Daniels-Midland Co reports results for the quarter ended September 30 - Earnings Summary
ADM beats quarterly estimates, lifts annual profit forecast on stronger processing margins
ADM lifts FY adjusted EPS profit outlook after Q3 beat