Bunge shares are trading lower after the company reported mixed Q1 financial results and issued FY24 adjusted EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Bunge's shares dropped following mixed Q1 financial results and the issuance of FY24 adjusted EPS guidance that fell below analyst estimates.
April 24, 2024 | 12:48 pm
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Bunge's stock price declined due to mixed Q1 financial results and lower-than-expected FY24 adjusted EPS guidance.
The stock price of Bunge is likely to face downward pressure in the short term due to the mixed financial results for Q1 and the issuance of FY24 adjusted EPS guidance that did not meet analyst expectations. This news directly impacts investor sentiment and could lead to a decrease in stock price as market participants adjust their expectations for the company's future profitability.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100