Bunge Limited (BG) Tops Q3 EPS by 93c, Revenues Miss

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Bunge Reports Third Quarter 2019 Results

October 30, 2019 6:00 AM EDT

WHITE PLAINS, N.Y., Oct. 30, 2019 /PRNewswire/ -- Bunge Limited (NYSE: BG)

Q3 GAAP EPS of $(10.57) vs. $2.39 in the prior year; $1.41 vs. $2.52 on an adjusted basis Results included ~$1.7 billion of charges related to portfolio initiatives, primarily the formation of the joint venture for the Brazilian Sugar & Bioenergy business Agribusiness managed challenging markets well and benefited from approximately $25 million of net mark-to-market gains, which included $95 million of new gains on forward soy crush margin contraction... More