Investing.com - Archer-Daniels-Midland reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Archer-Daniels-Midland announced earnings per share of $0.85 on revenue of $16.28B. Analysts polled by Investing.com anticipated EPS of $0.51 on revenue of $16B.
Archer-Daniels-Midland shares are down 7.29% from the beginning of the year and are trading at $44.50 , down-from-52-week-high.They are under-performing the S&P 500 which is up 0.86% from the start of the year.
Archer-Daniels-Midland shares gained 3.56% in after-hours trade the report.
Archer-Daniels-Midland follows other major Consumer/Non-Cyclical sector earnings this month
Archer-Daniels-Midland's report follows an earnings beat by Coca-Cola on July 21, who reported EPS of $0.42 on revenue of $7.2B, compared to forecasts EPS of $0.4 on revenue of $7.21B.
PepsiCo had beat expectations on July 13 with second quarter EPS of $1.32 on revenue of $15.95B, compared to forecast for EPS of $1.25 on revenue of $15.37B.
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