Investing.com - Archer-Daniels-Midland reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Archer-Daniels-Midland announced earnings per share of $1.33 on revenue of $22.93B. Analysts polled by Investing.com anticipated EPS of $1.02 on revenue of $18.42B.
Archer-Daniels-Midland shares are up 16.54% from the beginning of the year and are trading at $58.44 , down-from-52-week-high.They are under-performing the S&P 500 which is up 17.74% from the start of the year.
Archer-Daniels-Midland follows other major Consumer Staples sector earnings this month
Archer-Daniels-Midland's report follows an earnings beat by Coca-Cola on July 21, who reported EPS of $0.68 on revenue of $10.1B, compared to forecasts EPS of $0.5625 on revenue of $9.31B.
PepsiCo had beat expectations on July 13 with second quarter EPS of $1.72 on revenue of $19.22B, compared to forecast for EPS of $1.53 on revenue of $17.96B.
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