| Bunge quarterly profit, revenue disappoint on hedging losses | |
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CHICAGO, Feb 12 (Reuters) - Bunge Ltd, one of the world's largest agricultural trading houses, reported fourth-quarter profit Thursday that was well below analysts' expectations due to $80 million of hedging losses. Bunge earned a net profit of $82 million, or 56 cents a share, compared with $115 million, or 78 cents, a year earlier. Excluding special items, earnings per share were $1.20, down from $1.35 a year earlier. Analysts had expected $2.51, according to Thomson Reuters I/B/E/S. Revenue dropped to $13.898 billion from $16.375 billion. Analysts had expected $16.72 billion. A year earlier, the company, which trades, transports and processes grain around the world, said it expected to have a strong fourth quarter due to record U.S. harvests. (Reporting by Tom Polansek; Editing by Bernadette Baum)
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Bunge is based in United states of america. Bunge is listed in United States of America. Its market capitalisation is US$ 13.5 billions as of today (€ 12.3 billions). Its stock quote reached its highest recent level on January 06, 2023 at US$ 99.95, and its lowest recent point on October 10, 2024 at US$ 96.06. Bunge has 140 400 000 shares outstanding. |