Grain trader ADM misses estimates for Q4 profit, announces layoffs-March 2024-www.financetom.com

Grain trader ADM misses estimates for Q4 profit, announces layoffs

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Grain trader ADM misses estimates for Q4 profit, announces layoffs

Feb 4, 2025 5:02 AM

Feb 4 (Reuters) - Grain merchant Archer-Daniels-Midland ( ADM )

on Tuesday missed Wall Street expectations for

fourth-quarter profit and said it would lay off about 700

employees globally.

The Chicago-based company posted an adjusted profit of $1.14

per share for the three months ended Dec. 31, compared with

analysts' average estimate of $1.15 per share, according to data

compiled by LSEG.

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