Why Archer-Daniels-Midland Stock Was Falling Today
Shares of Archer-Daniels-Midland (NYSE: ADM) were heading lower today after the agricultural company missed top-line estimates in its first-quarter earnings report. It did beat profit expectations, but earnings still fell.
As a result, the stock was down 3.3% as of 11:05 a.m. ET on Tuesday.
As a grain processor and trader, ADM is sensitive to commodity prices, and falling prices due to an increase in supply have weighed on results. In the first quarter, revenue fell 9.3% to $21.8 billion, which was below estimates at $22.3 billion.
Source Fool.com
Archer Ltd Aktie
0,069 €
16,75 %
