NEW YORK (TheStreet) -- Archer Daniels Midland (ADM - Get Report) stock is rising by 3.46% to $49.35 in morning trading on Tuesday, despite the company reporting lower than expected earnings results for second quarter of 2015.
The company posted adjusted earnings of 60 cents per share on revenue of $17.19 billion in the quarter ended June 30.
Analysts had expected earnings of 66 cents per share on revenue of $20.87 billion for the second quarter of 2015.
Revenue for the company's largest segment, agricultural services, fell to $7.01 billion in the 2015 second quarter, compared with $9.23 billion in the 2014 second quarter, as North American export margins and global merchandising decreased.
Corn processing revenue dropped to $2.58 billion in the second quarter of this year, from $3.22 billion in the same quarter last year, due to an increase in ethanol competition.
Wild flavors and specialty ingredients segment's revenue, however, increased to $682 million in the quarter ended June 30, compared with $296 million in the same period last year.
Last year, the company reported earnings of 77 cents per share on revenue of $21.49 billion for the second quarter.
Separately, TheStreet Ratings team rates ARCHER-DANIELS-MIDLAND CO as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate ARCHER-DANIELS-MIDLAND CO (ADM) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, reasonable valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel its strengths outweigh the fact that the company shows low profit margins."
You can view the full analysis from the report here: ADM Ratings ReportADM data by YCharts