Agriculture Giant ADM's Stock Dives on Accounting Probe, Outlook Downgrade

Key TakeawaysShares of agriculture giant Archer-Daniels-Midland Co. plummeted more than 20% Monday after it announced a probe into the accounting practices of its nutrition division.The Chicago-based grain merchant placed Chief Financial Officer (CFO) Vikram Luthar on leave, appointing company veteran Ismael Roig as its interim CFO.ADM lowered its 2023 earnings outlook and postponed its fourth-quarter earnings report.Agriculture commodity giant Archer-Daniels-Midland Co. (ADM) cut its outlook for the 2023 f ...