Archer-Daniels-Midland reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Archer-Daniels-Midland announced earnings per share of $0.64 on revenue of $14.97B. Analysts polled by anticipated EPS of $0.55 on revenue of $15.71B. That with comparison to EPS of $0.46 on revenue of $15.3B in the same period a year before. Archer-Daniels-Midland had reported EPS of $0.81 on revenue of $16.33B in the previous quarter. Analysts are expecting EPS of $0.77 and revenue of $16.79B in the upcoming quarter.
Archer-Daniels-Midland shares are down 17.15% from the beginning of the year , still down 18.64% from its 52 week high of $47.20 set on December 17, 2019. They are under-performing the S&P 500 which is down 9.43% year to date.
Archer-Daniels-Midland follows other major Consumer/Non-Cyclical sector earnings this month
Archer-Daniels-Midland's report follows an earnings beat by Procter&Gamble on April 17, who reported EPS of $1.17 on revenue of $17.21B, compared to forecasts EPS of $1.13 on revenue of $17.31B.
Coca-Cola had beat expectations on April 21 with first quarter EPS of $0.51 on revenue of $8.6B, compared to forecast for EPS of $0.44 on revenue of $8.3B.
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