Skip to main content

Adecoagro: Q4 Earnings Snapshot

LUXEMBOURG (AP) — LUXEMBOURG (AP) — Adecoagro SA (AGRO) on Monday reported a fourth-quarter loss of $14.9 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Luxembourg-based company said it had a loss of 15 cents. Losses, adjusted for non-recurring gains, came to 16 cents per share.

The producer of agricultural products and renewable energy posted revenue of $415.9 million in the period.

For the year, the company reported a loss of $8.3 million, or 8 cents per share, swinging to a loss in the period. Revenue was reported as $1.43 billion.

Adecoagro shares have risen 37% since the beginning of the year. In the final minutes of trading on Monday, shares hit $10.90, a climb of almost 1% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AGRO at https://www.zacks.com/ap/AGRO

Stocks fall after a surprisingly strong jobs report raises prospects of an interest rate hike

U.S. stocks fell and Treasury yields rose Friday after the government reported that employers unexpectedly added 162,000 jobs last month, a development that could increase chances that the U.S. central bank will raise interest rates later this month. The S&P 500 fell 0.4%, though it managed to eke out a modest gain for the week. The Dow Jones Industrial Average fell 0.5%, and the Nasdaq composite gave back 0.3%. Wall Street expects the Federal Reserve to raise interest rates before the year ends in an effort to cool inflation, which has been running hot due to rising oil prices amid the U.S. war with Iran and remains well above 3%. The Fed has a stated goal of cooling inflation to a target of 2%. The surprise increase in hiring last month could give the central bank’s policymakers leeway to raise the Fed’s benchmark short-term interest rate to fight inflation at their next policy meeting in less than two weeks.
Read Next Story