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Why Archer-Daniels-Midland Stock Gained Today

TheMotleyFool

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Why Archer-Daniels-Midland Stock Gained TodayPhoto, wide shot, wide-angle lens, Coal company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.midjourneyapi.xyz/temp/2a011bdc-adca-4de9-8457-d868b31178cf.png

Archer-Daniels-Midland (NYSE: ADM) published its fourth-quarter earnings results before the market opened Tuesday, and investors sent the stock higher. The agricultural commodities company's share price closed out the session up by 3.9%, according to data from S&P Global Market Intelligence.

ADM's stock gained ground despite the fact that its Q4 performance missed expectations. It posted non-GAAP (adjusted) earnings of $1.36 per share on revenue of $22.98 billion. The analysts' average estimates had called for the business to post earnings of $1.43 per share on revenue of roughly $23.99 billion.

Source Fool.com