Bunge Beats On Q3 Earnings, Agribusiness Weighs On Growth Amid Global Margin Pressure

Bunge Limited (NYSE:BG) reported third-quarter adjusted earnings per share of $2.29, beating the street view of $2.14. Quarterly sales of $12.908 billion outpaced the analyst consensus estimate of $12.774 billion.

Bunge Global said it reported solid performances in Agribusiness and Refined and Specialty Oils; however, results declined from the prior year due to the current global margin environment.

Net sales at Agribusiness decreased to $9.292 billion from $10.082 billion. The unit’s EBIT included a $19 million impairment charge in Income (loss) from affiliates related to a minority investment in North America.

The company continued to ...