ADM’s multiple accounting errors and SEC probe are ‘highly concerning’ to investors
Notable accounting errors and a federal investigation have kept the U.S. agricultural giant Archer-Daniels-Midland Co. (ADM) in the spotlight for most of this year. Now more financial mismanagement has caused ADM to abruptly postpone its third-quarter earnings call that was scheduled for Tuesday.
ADM down 8% as more accounting errors arise, profit forecast cut
By Karl Plume and Mrinalika Roy CHICAGO (Reuters) -Archer-Daniels-Midland shares fell 8% on Tuesday after the global grains merchant cut its 2024 profit outlook and said it would amend previous financial statements due to the discovery of fresh accounting irregularities.
ADM postpones Q3 earnings report, to amend results amid more accounting errors
Archer Daniels Midland (ADM) reports lower than expected preliminary Q3 earnings, announces restatements and slashes FY 2024 guidance.
ADM reveals more accounting errors, cancels earnings call
The global grain trader’s accounting practices and internal controls have been under scrutiny since January when it revealed an internal probe was underway.
ADM names AT&T's top lawyer to board after new accounting errors
Archer-Daniels-Midland Co. has appointed AT&T Inc.’s top lawyer to its board after the agriculture commodities trader discovered more errors in its accounts.
Grains merchant ADM dives 10% on fresh accounting errors, profit forecast cut
By Karl Plume and Mrinalika Roy CHICAGO (Reuters) -Archer-Daniels-Midland shares fell as much as 10% on Tuesday after the global grains merchant cut its adjusted annual profit forecast and said it would amend its previous financial statements after finding fresh accounting irregularities.
ADM Discloses More Accounting Issues, Cuts Profit Outlook
The agriculture company disclosed more accounting problems and will amend some past financial results while slashing its profit forecast for the year.
ADM Misses on EPS as Q3 Profits Plunge
Archer Daniels Midland delivered a mixed set of preliminary Q3 results as adjusted earnings per share fell short of ...
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ADM finds 24 other wells near its leaky Illinois carbon sequestration site
The agribusiness giant says the plume of highly corrosive carbon dioxide won't migrate to water supplies, but outside experts ...
ADM identifies misclassified intersegment transactions, to restate FY23 filings
Following ongoing dialogue with the staff of the SEC, the company will amend its fiscal year 2023 Form 10-K and Form 10-Q for the first and ...
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Trader ADM slashes 2024 profit estimates as earnings call cancelled
ADM’s net earnings are expected to plummet to $18m, down from $821m this time last year, although it admitted that the ...
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Kerala ADM Suicide: Verdict Looms for PP Divya
THIRUVANANTHAPURAM: PP Divya, the former president of the Kannur district panchayat who is accused of abetting the suicide of ...
ADM Reports Mixed Financial Results for Q3 2024
Archer-Daniels-Midland Company ( (ADM) ) has released its Q3 earnings. Here is a breakdown of the information Archer-Daniels-Midland Company ...
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ADM Naveen Babu's 'mistake' comment not related to accepting bribe, clarifies Collector Vijayan
The statement also notes that Naveen Babu himself had approached and admitted to ‘mistakes,’ though the collector does not ...
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ADM’s wife dismisses Collector’s claims on her husband’s
Manjusha, wife of late Kannur ADM Naveen Babu and a Tehsildar in Konni, on Thursday dismissed the statement made by Kannur ...