Archer-Daniels-Midland Company (NYSE: ADM), a leading provider of human and animal nutrition solutions, on Tuesday reported earnings for the fourth quarter of 2023.
- Fourth-quarter revenues decreased to $22.98 billion from $25.94 billion in the same period of last year
- The company reported net income of $565 million or $1.06 per share for the December quarter, vs. $1.02 billion or $1.84 per share in the prior-year period
- On an adjusted basis, Q4 earnings came in at $1.36 per share, compared to $1.93 per share a year earlier
- Segment operating profit was $1.24 billion, including one-time charges of $171 million, or approximately $0.30 per share
- For fiscal 2024, the company expects adjusted earnings per share in the range of $5.25 to $6.25, down 18% at the midpoint compared to 2023
- The board authorized the repurchase of an additional $2 billion of the company’s shares under the existing 200 million share repurchase program
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Earnings Preview: Deere & Company expected to end FY24 on a mixed note
For Deere & Company (NYSE: DE), 2024 has been a challenging year marked by weak demand amid declining farm income and high interest rates. As the company prepares to report
Here’s how streaming is set to become a key part of Disney’s (DIS) growth strategy
Shares of The Walt Disney Company (NYSE: DIS) rose over 4% on Friday. The stock has gained 27% over the past three months. The company ended fiscal year 2024 on
Alibaba Group (BABA) Q2 2025 Earnings: Key financials and quarterly highlights
Alibaba Group Holding Limited (NYSE: BABA) reported its second quarter 2025 earnings results today. Revenue was $33.7 billion, up 5% year-over-year. Net income attributable to ordinary shareholders grew 58% to
