- Archer-Daniels-Midland Co (NYSE:ADM) reported second-quarter FY22 sales growth of 19% year-on-year to $27.28 billion, beating the consensus of $25.16 billion.
- Adjusted EPS of $2.15 beat the analyst consensus of $1.71.
- Revenues from Ag Services and Oilseeds rose 17.3% Y/Y, Carbohydrate Solutions increased 33%, and Nutrition climbed 15.6%.
- Gross profit increased 43.5% Y/Y to $2.1 billion with a margin of 7.7%.
- Segment operating margin was 6.7%, and Segment operating income for the quarter rose 60.7% to $1.8 billion.
- The company held $7.6 billion in cash and equivalents as of June 30, 2022.
- Price Action: ADM shares traded higher by 3.16% at $78.01 on the last check Tuesday.
Insiders Buying Apyx Medical And 3 Other Stocks Under $3
The Dow Jones closed higher by over 150 points on Wednesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
