Can Archer Daniels' (ADM) Strategic Endeavors Aid the Stock?
ADMADM(ADM) ZACKS·2024-06-18 01:01

Archer Daniels Midland Company (ADM) continues to be troubled by the sluggishness across its Nutrition unit. This led to a year-over-year segment revenue dip of 0.9% in first-quarter 2024, following a year-over-year decline of 6.7% in the preceding quarter.Adjusted operating profit for the segment also fell by a significant 39% compared with the same period last year. Within this segment, human nutrition reported an operating profit of $76 million, down $62 million from the prior year due to unplanned downt ...