logo
Share SHARE
FONT-SIZE Plus   Neg

Correction: Bunge Q4 Profit Down - Quick Facts

correction: corrects last year's figure for net income to Bunge common shareholders in the first para.

Bunge Ltd. (BG) posted a decline in its fourth-quarter net income attributable to the company to $254 million from $301 million in the prior-year quarter, with net income to Bunge common shareholders dropping to $245 million from $292 million in the previous year.

Quarterly earnings per share were $1.65, a decrease from $1.95 in the earlier year quarter. Earnings per share, excluding certain gains & charges, amounted to $1.99 a year earlier. On average, 12 analysts polled by Thomson Reuters expected earnings per share of $1.57 for the quarter. Analysts' estimates typically exclude one-time items.

Net sales for the three-month period were $16.44 billion, higher than last year's $12.73 billion, while eight analysts estimated revenues of $13.73 billion for the quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
AIG reported a plunge in second-quarter profit, hurt by a decline at its insurance business, debt-related losses and lower gains from the sale of investments. However, its earnings topped Street estimates, partly on contribution from aircraft leasing giant AerCap. AIG also announced a boost in dividend and said it would buyback an additional $5 billion stock. Automakers on Monday reported strong U.S. vehicle sales for the month of July, driven by continued demand for trucks and sport-utility vehicles amid an improving economy, lower gas prices and easy availability of credit. Detroit's Big Three - General Motors Co., Ford Motor Co. and FCA US, LLC - all reported vehicle sales above analyst expectations. British lender Lloyds Banking Group Plc. Friday reported higher profit in its first half, benefited by increased net interest income and margin as well as lower impairment. Looking ahead, the company lifted its net interest margin forecast.
comments powered by Disqus
RELATED NEWS
Trade BG now with 
Follow RTT