Archer-Daniels-Midland Company (ADM) shares are trading higher on Tuesday after reporting second-quarter adjusted earnings per share of 93 cents, beating analyst estimates. Quarterly sales of $21.166 billion missed expectations. Earnings before income taxes were $279 million, down 53% from the prior year.

Gross profit in the quarter was $1.370 billion, with adjusted EBITDA at $931 million. Total segment operating profit was $830 million, down 10% from the previous year. The Ag Services and Oilseeds segment operating profit was $379 million, a 17% decrease.

Carbohydrate Solutions segment operating profit was $337 million, down 6% year-over-year. Nutrition segment operating profit increased 5% to $114 million. The company ended the quarter with $1.057 billion in cash and equivalents.

Archer-Daniels-Midland narrowed its fiscal 2025 adjusted EPS guidance to $4, matching analyst estimates. The company expects improved margins to benefit the fourth quarter of 2025 and beyond. ADM shares are trading higher by 4.10% at $56.63.

Read more at Yahoo Finance: Archer-Daniels Powers Ahead As CEO Says Biofuel Clarity Will Ignite Q4 Margin Upside