Bunge Reports Third Quarter 2019 Results
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Bunge Limited (BG) Tops Q3 EPS by 93c, Revenues Miss
October 30, 2019 6:04 AM EDTBunge Limited (NYSE: BG) reported Q3 EPS of $1.41, $0.93 better than the analyst estimate of $0.48. Revenue for the quarter came in at $10.32 billion versus the consensus estimate of $11.31 billion.
Q3 GAAP EPS of $(10.57) vs. $2.39 in the prior year; $1.41 vs. $2.52 on an adjusted basisResults included ~$1.7 billion of charges related to portfolio initiatives, primarily the formation of the joint venture for the Brazilian Sugar & Bioenergy businessAgribusiness managed challenging markets well and... More