Investing.com - Archer-Daniels-Midland reported second quarter earnings that missed analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.6 on revenue of $16.3B. Analysts polled by Investing.com forecast EPS of $0.62 on revenue of $16.83B. That compared to EPS of $1.02 on revenue of $17.07B in the same period a year earlier. The company had reported EPS of $0.46 on revenue of $15.3B in the previous quarter.
For the year, Archer-Daniels-Midland shares are up 0.27%, under-performing the S&P 500 which is up 20.32% year to date.
Archer-Daniels-Midland follows other major Consumer/Non-Cyclical sector earnings this month
On Tuesday, Procter&Gamble reported fourth quarter EPS of $1.1 on revenue of $17.09B, compared to forecasts of EPS of $1.05 on revenue of $16.86B.
Coca-Cola earnings beat analyst's expectations on Tuesday, July 23, 2019, with second quarter EPS of $0.63 on revenue of $10B. Investing.com analysts expected EPS of $0.61 on revenue of $9.88B
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