Grain trader ADM misses estimates for Q4 profit, announces layoffs

Reuters

2025/02/04

Feb 4 (Reuters) - Grain merchant Archer-Daniels-Midland ADM.N on Tuesday missed Wall Street expectations for fourth-quarter profit and said it would lay off about 700 employees globally.

The Chicago-based company posted an adjusted profit of $1.14 per share for the three months ended Dec. 31, compared with analysts' average estimate of $1.15 per share, according to data compiled by LSEG.

(Reporting by Vallari Srivastava in Bengaluru; Editing by Shreya Biswas)

((Srivastava.Vallari@thomsonreuters.com;))

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