Investing.com - Archer-Daniels-Midland reported third quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $0.77 on revenue of $16.73B. Analysts polled by Investing.com forecast EPS of $0.72 on revenue of $16.09B. That compared to EPS of $0.92 on revenue of $15.8B in the same period a year earlier. The company had reported EPS of $0.6 on revenue of $16.3B in the previous quarter.
For the year, Archer-Daniels-Midland shares are down 1.07%, under-performing the S&P 500 which is up 23% year to date.
Archer-Daniels-Midland follows other major Consumer/Non-Cyclical sector earnings this month
On Tuesday, October 22, 2019, Procter&Gamble reported first quarter EPS of $1.37 on revenue of $17.8B, compared to forecasts of EPS of $1.24 on revenue of $17.45B.
Coca-Cola earnings matched analyst's expectations on Friday, October 18, 2019, with third quarter EPS of $0.56 on revenue of $9.5B. Investing.com analysts expected EPS of $0.56 on revenue of $9.43B
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