tradingkey.logo

BUZZ-Grain trader ADM falls on Q4 profit miss

ReutersFeb 4, 2025 2:43 PM

Updates

** Grain trader ADM's shares ADM.N fall 3.4% to $48.37 in early morning trade

** Company reported Q4 adj. EPS of $1.14/share vs est of $1.15/share - data compiled by LSEG

** ADM raises dividend by 1 cent per share; says targeting cutting between $500 mln and $750 mln in spending over the next 3 to 5 years

** Company says it is looking to lay off 600-700 people in 2025; it had 41,802 employees, according to its 2023 annual report

** Expects adj. EPS for 2025 in the range of $4/share to $4.75/share, midpoint of which is below analysts' expectations of $4.67/share - LSEG

** ADM down ~9.5% YTD

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Related Articles

tradingkey.logo
tradingkey.logo
Intraday Data provided by Refinitiv and subject to terms of use. Historical and current end-of-day data provided by Refinitiv. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.
* References, analysis, and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgement of the analyst, without considering the investment objectives and financial situation of the investors.
Risk Warning: Our Website and Mobile App provides only general information on certain investment products. Finsights does not provide, and the provision of such information must not be construed as Finsights providing, financial advice or recommendation for any investment product.
Investment products are subject to significant investment risks, including the possible loss of the principal amount invested and may not be suitable for everyone. Past performance of investment products is not indicative of their future performance.
Finsights may allow third party advertisers or affiliates to place or deliver advertisements on our Website or Mobile App or any part thereof and may be compensated by them based on your interaction with the advertisements.
© Copyright: FINSIGHTS MEDIA PTE. LTD. All Rights Reserved.