Bunge Reports Second Quarter 2019 Results
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Bunge Limited (BG) Reports Q2 EPS of $1.43
July 31, 2019 6:05 AM EDTBunge Limited (NYSE: BG) reported Q2 EPS of $1.43, versus ($0.15) reported last year. Revenue for the quarter came in at $10.1 billion versus the consensus estimate of $12.16 billion.
Q2 GAAP EPS of $1.43 vs. $(0.20) in the prior year; $1.52 vs. $0.10 on an adjusted basisResults include $135 million net unrealized gain on Bunge Ventures' stake in Beyond Meat, Inc.Agribusiness benefited from approximately $70 million in timing differences in soy crush, along with increased soy crush volumes, partly offset by lower structural marginsFood & Ingredients largely in-line as strength in Edible Oils offset weakness in MillingAchieved... More