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Archer-Daniels-Midland misses second-quarter profit estimates

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Archer-Daniels-Midland misses second-quarter profit estimates

Jul 30, 2024 4:30 AM

July 30 (Reuters) - Global grain trader

Archer-Daniels-Midland ( ADM ) missed second-quarter profit

estimates on Tuesday, hurt by lower crush margins.

The company reported an adjusted profit of $1.03 per share

for the quarter ended June 30, compared with analysts' average

estimate of $1.22 per share, according to LSEG data.

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