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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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October 16, 2014
14:13 EDTADMU.S farmers use less fertilizer this autumn as crop prices fade, Reuters says
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October 13, 2014
12:31 EDTADMArcher Daniels to acquire Specialty Commodities for $170M
Archer Daniels Midland Company, or ADM, announced an agreement to purchase Specialty Commodities Inc., or SCI, a leading originator, processor and distributor of healthy ingredients, including nuts, fruits, seeds, legumes and ancient grains, for $170M, subject to post-closing adjustments. When the transaction closes, SCI will become part of ADMís new WILD Flavors and Specialty Ingredients business unit. ADM anticipates closing the transaction, which is subject to regulatory approval, in the coming weeks.
October 10, 2014
12:05 EDTADMUSDA raises U.S. corn production estimate to 14.475B
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