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Why Archer-Daniels-Midland Stock Was Falling Today

TheMotleyFool

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Why Archer-Daniels-Midland Stock Was Falling Today: https://g.foolcdn.com/editorial/images/775023/gettyimages-1434776236.jpg

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