Bunge Limited (BG) Q2 Revenue Miss

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Bunge Reports Second Quarter 2018 Results

August 1, 2018 6:00 AM EDT

WHITE PLAINS, N.Y., Aug. 1, 2018 /PRNewswire/ --Â Bunge Limited (NYSE: BG)

Q2 GAAP EPS of $(0.20); $0.10 on an adjusted basisÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Agribusiness impacted by ~$125 million of new negative mark-to-market on forward soy crushing contracts; positioned for strong second half of the yearÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Food & Ingredients slightly higher than last year, driven by improved results in MillingÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Loders Croklaan integration progressing wellÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Global Competitiveness Program exceeding expectations; increasing 2018 savings targetÂ to $150 million from $100 millionÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Maintaining 2018 full-year EBIT outlook of ~$1.3 billion, which would exceed prior year by ~$700 million on the back of strong industry fundamentals

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Bunge Limited (BG) Q2 Revenue Miss

Bunge Reports Second Quarter 2018 Results

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