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Bunge Limited Q3 Profit Decreases, but beats estimates

Bunge Limited (BG) reported a profit for third quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings totaled $380 million, or $2.49 per share. This compares with $653 million, or $4.28 per share, in last year's third quarter.

Excluding items, Bunge Limited reported adjusted earnings of $526 million or $3.45 per share for the period.

Analysts on average had expected the company to earn $2.43 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 18.7% to $16.759B from $14.117 billion last year.

Bunge Limited earnings at a glance (GAAP) :

-Earnings (Q3): $380 Mln. vs. $653 Mln. last year.
-EPS (Q3): $2.49 vs. $4.28 last year.
-Analyst Estimates: $2.43
-Revenue (Q3): $16.759B vs. $14.117 Bln last year.

-Guidance:
Full year EPS guidance: $13.50

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