Archer Daniels Midland (ADM) Lags Q3 Earnings and Revenue Estimates

Archer Daniels Midland (ADM) came out with quarterly earnings of $1.09 per share, missing the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.63 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -13.49%. A quarter ago, it was expected that this agribusiness giant would post earnings of $1.23 per share when it actually produced earnings of $1.03, delivering a surprise of -16.26%.Over the last four qua ...