Bunge Limited (BG) Misses Q1 EPS by $2.01, Revenues Miss
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Bunge Reports First Quarter 2020 Results
May 6, 2020 6:00 AM EDTST. LOUIS, May 6, 2020 /PRNewswire/ -- Bunge Limited (NYSE: BG) today reported first quarter 2020 results.
Q1 GAAP EPS of $(1.46) vs. $0.26 in the prior year; $(1.34) vs. $0.36 on an adjusted basis Agribusiness executed well; results impacted by approximately $385 million of temporary mark-to-market losses on forward hedges Strong quarter in Edible Oils; results impacted by timing differences Progress on portfolio optimization with the announcement to sell 35 US grain elevators Implemented additional safety measures in response to COVID-19 Maintaining strong liquidity position and... More