Archer-Daniels-Midland Company (NYSE:ADM) shares are trading lower after releasing second-quarter results.
The company reported second-quarter adjusted earnings per share of $1.03, missing the analyst consensus of $1.22.
Lower pricing and execution margins led to a decline, largely reflecting the impact of lower crush and origination margins.
The company reported quarterly sales of $22.248 billion, which missed the analyst consensus estimate of $23.177 billion. This is a 11.68 percent decrease over sales …