Archer-Daniels Powers Ahead As CEO Says Biofuel Clarity Will Ignite Q4 Margin Upside

Archer-Daniels-Midland Company (NYSE:ADM) shares are trading higher on Tuesday.

The company reported second-quarter adjusted earnings per share of 93 cents, beating the analyst consensus estimate of 83 cents.

Quarterly sales of $21.166 billion missed the street view of $21.468 billion.

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Earnings before income taxes were $279 million for the second quarter, down 53% from the prior year quarter.

Gross profit in the quarter under review was $1.370 billion, down from $1.396 billion a year ago. ...