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Stock Market & Financial Investment News

News Breaks
February 4, 2013
13:25 EDTADMEarnings Preview: Archer Daniels Midland trading up 6% since last report
Archer Daniels Midland Company (ADM) is expected to report Q2 earnings before the market open on Tuesday, February 5 with a conference call scheduled for 9:00 am ET. Archer Daniels Midland is engaged in the processing of oilseeds, corn, wheat, cocoa, and other agricultural commodities... EXPECTATIONS: Analysts are looking for EPS of 56c on revenue of $23.67B. The consensus range is 49c-62c for EPS, and $22.25B-$24.48B for revenue, according to First Call... LAST QUARTER: Archer Daniels Midland reported Q1 EPS 50c against estimates of 35c, on revenue of $21.8B against estimates of $22.0B... STREET RESEARCH AND NEWS: Last November, BMO Capital upgraded Archer Daniels Midland to Outperform from Market Perform, citing the underperformance of shares near that time and expectations for the company's fundamentals to improve in the second half of 2013. The firm also raised its price target for shares to $32 from $26. In early December, Archer Daniels made a $2.9B takeover offer for Australia's GrainCorp, which GrainCorp rejected, saying it "materially undervalues" the company... PRICE ACTION: Over the last three months, Archer Daniels Midland is trading up over 6%. In midday trading ahead of the Q2 report, shares are trading down slightly to $28.50.
News For ADM From The Last 14 Days
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November 19, 2014
15:53 EDTADMADM sues Syngenta over China rejections of GMO corn, Reuters says
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November 11, 2014
07:42 EDTADMArcher Daniels reinstated with a Buy at BofA/Merrill
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