Stocks in the news: Archer Daniels Midland, UBS, PepsiCo


The following post rounds up the companies making headlines today:

Archer Daniels Midland (ADM) declined 7.7 percent in pre-market trading after the agricultural conglomerate reported that fiscal fourth-quarter profit tumbled 83 percent as its results were pressured by higher corn costs, lower average selling prices and softer demand. The company earned 10 cents per share, compared with 45 cents per share analysts had expected. Revenue fell 24 percent but beat Wall Street's estimate.

UBS (UBS) shares dropped over 8 percent ahead of the bell after the Swiss bank reported its seventh loss in eight quarters. UBS took $2.17 billion in one-off restructuring charges, but its problems really stemmed from wealthy clients continuing to take their cash elsewhere. Although, there were signs of improvement in its best underlying performance in two years.