Bunge: Q2 Earnings Snapshot – mySA

ST. LOUIS (AP) _ Bunge Ltd. (BG) on Wednesday reported second-quarter profit of $206 million.

On a per-share basis, the St. Louis-based company said it had net income of $1.34. Earnings, adjusted for non-recurring costs, came to $2.97 per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $3.40 per share.

The agribusiness and food company posted revenue of $17.93 billion in the period.

Bunge expects full-year earnings to be $12 per share.

Bunge shares have increased 2% since the beginning of the year. The stock has climbed 28% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BG at https://www.zacks.com/ap/BG

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