Bunge Q4 Sales $14.94B Miss $15.06B Estimate
Portfolio Pulse from Benzinga Newsdesk
Bunge (NYSE:BG) reported Q4 sales of $14.94 billion, missing the consensus estimate of $15.06 billion by 0.82% and marking a 10.35% decrease from the same period last year.
February 07, 2024 | 11:14 am
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Bunge reported Q4 sales of $14.94 billion, missing estimates and showing a year-over-year decline.
Missing sales estimates and reporting a significant year-over-year decline are typically seen as negative indicators for a company's financial health and future prospects. This could lead to a negative short-term impact on Bunge's stock price as investors adjust their expectations.
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