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BUZZ-Grain trader ADM falls on Q4 profit miss

ReutersFeb 4, 2025 2:43 PM

Updates

** Grain trader ADM's shares ADM.N fall 3.4% to $48.37 in early morning trade

** Company reported Q4 adj. EPS of $1.14/share vs est of $1.15/share - data compiled by LSEG

** ADM raises dividend by 1 cent per share; says targeting cutting between $500 mln and $750 mln in spending over the next 3 to 5 years

** Company says it is looking to lay off 600-700 people in 2025; it had 41,802 employees, according to its 2023 annual report

** Expects adj. EPS for 2025 in the range of $4/share to $4.75/share, midpoint of which is below analysts' expectations of $4.67/share - LSEG

** ADM down ~9.5% YTD

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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