By Connor Hart

Archer Daniels Midland cut its full-year earnings outlook, citing pressured margins, despite logging higher profit and revenue in the third quarter as it continues to operate in a dynamic environment.

The processor of agricultural commodities like oilseeds, corn and wheat said Tuesday it now expects adjusted per-share earnings of $3.25 to $3.50 for the year, down from a prior outlook of approximately $4. Analysts surveyed by FactSet were expecting adjusted earnings of $3.76 a share.

Chief Executive Juan Luciano said the company's lower outlook reflects tighter crush margins, which measure the difference between what the company pays for crops and earns from selling their processed products.

Shares fell 9.7% to $54.29 in premarket trading. Through Monday's close, the stock is up nearly 20% since the beginning of the year.

The lower outlook came as Archer Daniels Midland posted a profit of $108 million, or 22 cents a share, for its three months ended Sept. 30, compared with $18 million, or 4 cents a share, a year earlier.

Stripping out one-time items, adjusted earnings were 92 cents a share, ahead of the 85 cents a share that analysts polled by FactSet had expected.

Revenue increased 2.2% to $20.37 billion, just below Wall Street's projection for $20.77 billion.

Luciano noted the company continues to navigate a highly dynamic global environment.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

November 04, 2025 06:43 ET (11:43 GMT)

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