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
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%