Benzinga | Oct 29, 2020 04:19PM EDT

Archer-Daniels Midland Q3 Adj. EPS $0.89 Beats $0.69 Estimate, Sales $15.13B

Archer-Daniels Midland (NYSE:ADM) reported quarterly earnings of $0.89 per share which beat the analyst consensus estimate of $0.69 by 28.99 percent. This is a 15.58 percent increase over earnings of $0.77 per share from the same period last year. The company reported quarterly sales of $15.13 billion which missed the analyst consensus estimate of $16.72 billion by 9.53 percent. This is a 9.57 percent decrease over sales of $16.73 billion the same period last year.