Archer-Daniels-Midland Co (NYSE:ADM) shares are trading higher after it reported its fourth quarter FY23 results.Revenues declined 11.4% year-on-year to $22.98 billion, missing the analyst consensus estimate of $23.64 billion.Revenues from Ag Services and Oilseeds fell 10.7% Y/Y, Carbohydrate Solutions decreased 19.4%, and Nutrition dropped 6.7%.Gross profit decreased 1.2% Y/Y to $1.74 billion with a margin of 7.6%. Selling, general and administrative expenses rose 2.5% to $919 million.Adjusted segment operating margin was 6.1%, and adjusted segment operating income for the quarter fell 16% to $1.4 billion.Adjusted EPS of $1.36 missed the analyst consensus of $1.43.The company held $1.37 billion in cash and equivalents as of Dec
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