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Archer Daniels Midland (ADM) Broke Out To An 11-Month High On Q3 News

Archer Daniels Midland (ADM: Quote) reported third quarter adjusted EPS of $0.78 Tuesday morning, down from $0.89 in the previous year. The consensus estimate was for EPS of $0.59.

Archer Daniels Midland gapped up slightly Tuesday and rose steadily throughout the first 2 hours of trade. The stock closed higher by 2.19 at $33.02, with volume at a 3-month high. Archer Daniels Midland rose above a 2 1/2 month range and set an 11-month high.

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by RTT Staff Writer

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