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Archer Daniels Midland Wilts on Earnings Miss
Shares drop after the food and processing giant reports fourth-quarter earnings below analysts' forecasts.
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The Chicago-based company reported net income of $315 million, or 55 cents a share, down from $788 million, or $1.39 a share, in the comparable year-earlier period.
On an adjusted basis, the company reported per-share earnings of 88 cents, below the 92-cent consensus estimate of analysts polled by FactSet. Revenue totaled $15.9 billion, down from $16.1 billion and below the $16.8 billion FactSet estimate.
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Separately, Archer Daniels Midland's said it will pay a dividend of 35 cents a share, a 4.5% increase from last quarter's dividend of 33.5 cents. The dividend is payable on March 12, to shareholders of record on Feb. 19.
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https://www.thestreet.com/investing/arch...s-14855493
![[Bild: ADMc1dl1558.png]](https://finviz.com/publish/020519/ADMc1dl1558.png)
Shares drop after the food and processing giant reports fourth-quarter earnings below analysts' forecasts.
...
The Chicago-based company reported net income of $315 million, or 55 cents a share, down from $788 million, or $1.39 a share, in the comparable year-earlier period.
On an adjusted basis, the company reported per-share earnings of 88 cents, below the 92-cent consensus estimate of analysts polled by FactSet. Revenue totaled $15.9 billion, down from $16.1 billion and below the $16.8 billion FactSet estimate.
...
Separately, Archer Daniels Midland's said it will pay a dividend of 35 cents a share, a 4.5% increase from last quarter's dividend of 33.5 cents. The dividend is payable on March 12, to shareholders of record on Feb. 19.
...
https://www.thestreet.com/investing/arch...s-14855493
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