Archer Daniels reports preliminary Q3 EPS $1.09, consensus $1.24

CEO Juan Luciano states: “Our third quarter operating results were mixed in a challenging quarter for the business. While Carbohydrate Solutions achieved strong results, our Ag Services and Oilseeds and Nutrition businesses delivered results below expectations, impacted by softer than expected market conditions and the pace of our planned improvement efforts. We are taking the necessary actions to improve performance and drive continued value creation. The integrity of our internal controls and financial reporting is very important. We strive for accuracy and transparency in all aspects of our business. While we have made progress we are committed to continued strengthening of our internal financial controls.”