Why Archer-Daniels-Midland Stock Gained Today
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
