Bulletin
Investor Alert

Market Pulse Archives

Jan. 26, 2021, 7:29 a.m. EST

Archer Daniels shares rise after Q4 beat

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Archer Daniels Midland Co. (ADM)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Tonya Garcia

Archer Daniels Midland Co. /zigman2/quotes/203479136/composite ADM +3.78% shares rose 1.3% in Tuesday premarket trading after the human and animal nutrition company reported fourth-quarter earnings that beat expectations. Net income totaled $687.0 million, or $1.22 per share, up from $504.0 million, or 90 cents per share, last year. Adjusted EPS was $1.21, beating the FactSet consensus for $1.10. Revenue of $17.98 billion was up from $16.33 billion and also ahead of the FactSet consensus for $16.48 billion. "For ADM, based on the continued delivery of drivers under our control and improving market conditions as the year progresses, we expect strong growth in segment operating profit and another record year of EPS in 2021," said Juan Luciano, Archer Daniels' chief executive, in a statement. Archer Daniels stock has gained nearly 20% over the past year while the benchmark S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.95% was up 17%.

/zigman2/quotes/203479136/composite
US : U.S.: NYSE
$ 57.59
+2.10 +3.78%
Volume: 6.64M
March 5, 2021 4:00p
P/E Ratio
18.29
Dividend Yield
2.57%
Market Cap
$30.99 billion
Rev. per Employee
$1.65M
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,841.94
+73.47 +1.95%
Volume: 3.33B
March 5, 2021 5:44p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.