Bunge Beats On Q3 Earnings, Agribusiness Weighs On Growth Amid Global Margin Pressure
Portfolio Pulse from Nabaparna Bhattacharya
Bunge Limited (NYSE:BG) reported Q3 earnings that beat expectations, with adjusted EPS of $2.29 and sales of $12.908 billion. Despite solid performances in Agribusiness and Refined and Specialty Oils, global margin pressures led to a decline in results compared to the previous year. The company is advancing its Viterra integration and other growth priorities. Bunge's FY24 adjusted EPS outlook is at least $9.25, slightly below estimates. BG shares rose 1.20% following the report.
October 30, 2024 | 1:46 pm
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Bunge Limited reported Q3 earnings that exceeded expectations, with adjusted EPS of $2.29 and sales of $12.908 billion. Despite global margin pressures affecting results, the company is advancing its growth priorities. BG shares rose 1.20% following the report.
Bunge's Q3 earnings exceeded expectations, which is a positive indicator for investors. The company's focus on growth priorities and the rise in share price by 1.20% suggest a positive short-term impact on BG's stock. However, global margin pressures and a slightly lower FY24 EPS outlook may temper long-term expectations.
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