0853 ET - ADM falls 2% premarket after saying it expects an uncertain 2025 and posts a 6% decline in sales for the quarter ending Dec. 31 compared with a year ago, and below analyst estimates. ADM says operating profit at its crushing subsegment, which turns oilseeds into oils and biofuels, was 46% lower versus the prior year quarter, because of higher manufacturing costs among other issues. "With softer market conditions and policy uncertainty around the world going into 2025, we are focused on improving our operational performance, accelerating costs savings, and simplifying our portfolio," says ADM CEO Juan Luciano in a statement. (patrick.thomas@wsj.com)
(END) Dow Jones Newswires
February 04, 2025 08:53 ET (13:53 GMT)
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