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 $1.36 per share for the quarter, falling short of analysts’ expectations of $1.43 per share, as per LSEG data.DOJ investigation intensifiesCopy link to sectionThe compan ...

Archer-Daniels-Midland (NYSE:ADM) stock is in focus today after the firm reported that it slightly altered its financial results between 2018 and 2023. The agricultural products company noted that a number of its employees have now been subpoenaed by the U.S. Department of Justice (DOJ), which is investigating the firm. The DOJ probe into Archer-Daniels-Midland’s accounting standards is also reportedly progressing at a rapid pace. ADM Stock and Financial IrregularitiesSo, what exactly was irregular about th ...

Archer Daniels Midland (ADM) reported $22.98 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 12.4%. EPS of $1.36 for the same period compares to $1.93 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $23.65 billion, representing a surprise of -2.85%. The company delivered an EPS surprise of -4.23%, with the consensus EPS estimate being $1.42.While investors scrutinize revenue and earnings changes year-over-year and how they compare ...

Archer Daniels Midland (ADM) came out with quarterly earnings of $1.36 per share, missing the Zacks Consensus Estimate of $1.42 per share. This compares to earnings of $1.93 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.23%. A quarter ago, it was expected that this agribusiness giant would post earnings of $1.50 per share when it actually produced earnings of $1.63, delivering a surprise of 8.67%.Over the last four quarte ...

Proprietary business information of ADM. Fourth Quarter and Full Year 2023 Earnings ...

CHICAGO--(BUSINESS WIRE)--ADM (NYSE: ADM) today provided an update with respect to the internal investigation led by the Audit Committee of its Board of Directors regarding certain accounting practices and procedures with respect to ADM’s Nutrition reporting segment, including as related to certain intersegment sales. The investigation was initially disclosed in January 2024. “ Our strong commitment to compliance and integrity in our financial reporting is evidenced by the diligence and breadth with which ...

With another strong jobs report in the bag, the concept of targeting consumer staples stocks might seem overly cautious. Here’s the thing: nothing lasts forever.Last year, an alarming statistic pointed out that 93% of homebuyers have regrets about purchasing a home in 2023. That’s the real issue that investors need to be aware of. If circumstances were so bullish, why such a high magnitude of regret?It’s time to read between the lines. The American people have struggled for years now with high inflation and ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to _________________ Commission file number 1-44 ARCHER-DANIELS-MIDLAND COMPANY (Exact name of registrant as specified in its charter) (State or other juri ...

GlobalP Foreword As a supplement to this article, please note that Kiplinger has published an on-line slide-show detailing the latest 2024 S&P Dividend Aristocrats. The article, entitled Best Dividend Stocks for Dependable Dividend Growth, is by Dan Burrows, a contributing editor. S&P Dow Jones Indices rebalances the S&P 500 Dividend Aristocrats every January, the Aristocratic population now stands at 67. There were two changes to the Dividend Aristocrats announced in January 2024. Walgreens Boots Allia ...

Archer Daniels Midland (ADM) closed the most recent trading day at $54.81, moving +1.03% from the previous trading session. This change outpaced the S&P 500's 0.65% loss on the day. Elsewhere, the Dow lost 0.18%, while the tech-heavy Nasdaq lost 1.16%.Prior to today's trading, shares of the agribusiness giant had gained 2.94% over the past month. This has outpaced the Consumer Staples sector's gain of 0.16% and lagged the S&P 500's gain of 3.4% in that time.Analysts and investors alike will be keeping a clo ...