Bunge Limited (BG) Q2 Revenue Miss
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Bunge Reports Second Quarter 2018 Results
August 1, 2018 6:00 AM EDTWHITE PLAINS, N.Y., Aug. 1, 2018 /PRNewswire/ --Â Bunge Limited (NYSE: BG)
Q2 GAAP EPS of $(0.20); $0.10 on an adjusted basis                                          Agribusiness impacted by ~$125 million of new negative mark-to-market on forward soy crushing contracts; positioned for strong second half of the year                                          Food & Ingredients slightly higher than last year, driven by improved results in Milling                                          Loders Croklaan integration progressing well                                          Global Competitiveness Program exceeding expectations; increasing 2018 savings target to $150 million from $100 million                                          Maintaining 2018 full-year EBIT outlook of ~$1.3 billion, which would exceed prior year by ~$700 million on the back of strong industry fundamentalsÂ
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