ADM Q4 earnings miss estimates, DOJ probe sparks concern

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 ...