Archer Daniels Midland Company (ADM Quick QuoteADM - Free Report) , a leading player in the global food processing industry, released third-quarter 2017 results, wherein adjusted earnings of 45 cents per share lagged the Zacks Consensus Estimate of 55 cents and also plunged 23.7% from 59 cents per share earned in the year-ago quarter.

Earnings Estimate Revision: The Zacks Consensus Estimate for 2017 portrays a downtrend in the last seven days. However, if we look at Archer Daniels’ performance in the trailing four quarters (excluding the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of 6.8%.

Revenues: Archer Daniels generated net sales of $14,827 million, which declined 6.3% year over year and also missed the Zacks Consensus Estimate of $15,629 million.

Key Events: Archer Daniels returned $1.2 billion to shareholders in the first nine months of 2017, in the form of share repurchases and dividend payments.

Zacks Rank: Currently, Archer Daniels carries a Zacks Rank #3 (Hold), which is subject to change, based on the just released earnings results.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Stock Movement: Archer Daniels’ shares are down 2.1% during pre-market trading hours following the dismal third-quarter 2017 results.

Check back later for our full write up on Archer Daniels’ earnings report!

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