NEW YORK (TheStreet) -- Shares of Archer Daniels Midland (ADM) were climbing 6.86% to $46.56 in mid-morning trading on Tuesday after the company reported 2016 third quarter earnings that surpassed analysts' estimates.

Before the opening bell, the Chicago-based agribusiness company posted adjusted earnings of 59 cents per share, topping Wall Street's projections of 46 cents per share.

Revenue slid 4.4% year-over-year to $15.83 billion and fell short of analysts' expectations of $16.28 billion, according to FactSet.

Archer Daniels' agricultural services revenue rose 5.4% over last year to $6.96 billion.

The agricultural services division was helped by higher U.S. exports in the quarter, which created "improved merchandising opportunities as the global market relied heavily on U.S. exports of corn and soybeans," CEO Juan Luciano said in a company statement.

"With improving market conditions and a large U.S. harvest, combined with the team's solid execution capabilities, we feel good about the remainder of the year and a stronger 2017," Luciano added.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rated this stock as a "buy" with a ratings score of B.

The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

You can view the full analysis from the report here: ADM


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