Archer-Daniels-Midland reported third quarter earnings that beat analyst's expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.92 on revenue of $15.8B. Analysts polled by forecast EPS of $0.83 on revenue of $15.68B. That compared to EPS of $0.45 on revenue of $14.83B in the same period a year earlier. The company had reported EPS of $1.02 on revenue of $17.07B in the previous quarter.
For the year, Archer-Daniels-Midland shares are up 20.01%, outperforming the S&P 500 which is up 2.03% year to date.
Archer-Daniels-Midland follows other major Consumer/Non-Cyclical sector earnings this month
On October 19, Procter&Gamble reported first quarter EPS of $1.12 on revenue of $16.69B, compared to forecasts of EPS of $1.09 on revenue of $16.45B.
Coca-Cola earnings beat analyst's expectations on October 30, with third quarter EPS of $0.58 on revenue of $8.26B. analysts expected EPS of $0.55 on revenue of $8.19B
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