Investing.com - Archer-Daniels-Midland reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Archer-Daniels-Midland announced earnings per share of $0.89 on revenue of $15.13B. Analysts polled by Investing.com anticipated EPS of $0.71 on revenue of $16.71B.
Archer-Daniels-Midland shares are up 7.7% from the beginning of the year and are trading at $49.92 , down-from-52-week-high.They are outperforming the S&P 500 which is up 2.43% from the start of the year.
Archer-Daniels-Midland follows other major Consumer/Non-Cyclical sector earnings this month
Archer-Daniels-Midland's report follows an earnings beat by Procter&Gamble on October 20, who reported EPS of $1.63 on revenue of $19.32B, compared to forecasts EPS of $1.42 on revenue of $18.38B.
Coca-Cola had beat expectations on October 22 with third quarter EPS of $0.55 on revenue of $8.7B, compared to forecast for EPS of $0.46 on revenue of $8.36B.
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