ADM: Q4 Earnings Snapshot

Associated Press Finance
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CHICAGO (AP) — CHICAGO (AP) — Archer Daniels Midland Co. (ADM) on Tuesday reported fourth-quarter profit of $565 million.

The Chicago-based company said it had profit of $1.06 per share. Earnings, adjusted for one-time gains and costs, came to $1.36 per share.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.

The agribusiness giant posted revenue of $22.98 billion in the period, which also missed Street forecasts. Six analysts surveyed by Zacks expected $23.65 billion.

For the year, the company reported profit of $3.48 billion, or $6.43 per share. Revenue was reported as $93.94 billion.

ADM expects full-year earnings in the range of $5.25 to $6.25 per share.

ADM shares have decreased 24% since the beginning of the year, while the S&P's 500 index has climbed slightly more than 7%. The stock has fallen 30% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ADM at https://www.zacks.com/ap/ADM

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