| Bunge misses 3Q profit forecasts | |
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WHITE PLAINS, N.Y. (AP) _ Bunge Ltd. (BG) on Thursday reported third-quarter profit of $239 million.
On a per-share basis, the White Plains, New York-based company said it had profit of $1.56. Earnings, adjusted for non-recurring gains and to account for discontinued operations, came to $1.24 per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.57 per share.
The agribusiness and food company posted revenue of $10.79 billion in the period.
Bunge shares have decreased 13 percent since the beginning of the year. The stock has decreased almost 7 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BG at http://www.zacks.com/ap/BG
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Keywords: Bunge, Earnings Report
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Bunge is based in United states of america. Bunge is listed in United States of America. Its market capitalisation is US$ 13.8 billions as of today (€ 12.4 billions). Its stock quote reached its highest recent level on January 06, 2023 at US$ 99.95, and its lowest recent point on September 06, 2024 at US$ 98.44. Bunge has 140 400 000 shares outstanding. |