Archer Daniels Misses On Fourth-quarter EPS, Beats On Revenue

Archer Daniels Midland Co. reported fourth-quarter net income of $424 million Tuesday, or 73 cents per share, down from $718 million, or $1.19 per share in the year-earlier period. It reported adjusted earnings per share of 75 cents, below the FactSet consensus of 77 cents. Revenue was $16.5 billion, up from $16.45 billion in the year-earlier period and above the FactSet consensus of $16.48 billion. The company raised its dividend to 32 cents from 30 cents, to be payable on March 14, 2017 to shareholders of record on Feb. 21, 2017. Shares of Archer-Daniels have fallen 6.4% in the past three months, compared to the S&P 500's gain of 9.9%.