Bunge Q1 Adj $3.04 Beats $2.53 Estimate, Sales $13.42B Miss $13.96B Estimate
Portfolio Pulse from Benzinga Newsdesk
Bunge (NYSE:BG) reported Q1 adjusted earnings of $3.04 per share, surpassing the $2.53 estimate, but saw a 6.75% decrease from last year's earnings. Sales were $13.42B, missing the $13.96B estimate and marking a 12.47% decrease from the previous year.
April 24, 2024 | 10:02 am
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Bunge reported higher-than-expected Q1 earnings but missed sales estimates, indicating mixed financial health.
While Bunge's earnings beat may positively impact investor sentiment due to better-than-expected profitability, the miss on sales forecasts and year-over-year declines could temper optimism, leading to a neutral short-term stock price movement.
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IMPORTANCE 90
RELEVANCE 100