ADM Q4 earnings miss estimates, DOJ probe sparks concern
ADMADM(ADM) Invezz·2024-03-12 23:16

Archer-Daniels-Midland Co. (ADM), a leading global grains merchant, disclosed lower-than-expected earnings for the fourth quarter on Tuesday. The announcement comes after an internal investigation into the company’s accounting practices caused a nearly two-month delay in the release of its financial results. ADM reported adjusted earnings of 1.36pershareforthequarter,fallingshortofanalystsexpectationsof1.36 per share for the quarter, falling short of analysts’ expectations of 1.43 per share, as per LSEG data. DOJ investigation intensifies Copy link to section The co ...