5/11/2024, 8:51:02 pm

Archer-Daniels-Midland Stock Dips After Q3 Preliminary Results

Archer-Daniels-Midland Company shares drop after reporting lower-than-expected third-quarter earnings of $1.09 per share, missing the street view of $1.25, and announcing restatements of previously filed financial reports. The company also lowered its 2024 adjusted EPS guidance to $4.50-$5.00 from $5.25-$6.25.