Bunge Q4 Adj. EPS Tops Estimates; Guides FY23 Below Estimates

RTTNews | hace 1014
Bunge Q4 Adj. EPS Tops Estimates; Guides FY23 Below Estimates

(RTTNews) - Bunge Ltd. (BG) reported Wednesday that net income attributable to the company for the fourth quarter increased to $336 million or $2.21 per share from $231 million or $1.52 per share in the prior-year quarter.

Excluding items, adjusted net income for the quarter was $3.24 per share, compared to $3.49 per share in the year-ago quarter.

On average, 10 analysts polled by Thomson Reuters expected the company to report earnings of $3.22 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter edged down to $16.66 billion from $16.68 billion in the same quarter last year. Analysts expected revenues of $18.22 billion for the quarter.

Looking ahead to fiscal 2023, the company now projects adjusted earnings of at least $11.00 per share. The Street is looking for earnings of $12.00 per share for the year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Swiss Stocks Close Notably Lower On Weak Global Cues

Swiss Stocks Close Notably Lower On Weak Global Cues

The Switzerland market ended weak on Tuesday, in line with markets across Europe and elsewhere, as worries fears of Artificial Intelligence bubble, uncertainty about interest rates, and a lack of positive economic data rendered the mood bearish.
RTTNews | hace 2h 28min
European Markets Drop To Multi-week Lows On Growth Worries, Rate Uncertainty

European Markets Drop To Multi-week Lows On Growth Worries, Rate Uncertainty

European stocks closed weak on Tuesday, and several markets in the region dropped to multi-week lows, as worries about lofty valuations of Artificial Intelligence-related stocks, and uncertainty about interest rate moves by global central banks, including the Federal Reserve, rendered the mood cautious and forced investors to trim down long positions.
RTTNews | hace 2h 49min
TSX Down Nearly 0.5% Despite Coming Off Early Lows

TSX Down Nearly 0.5% Despite Coming Off Early Lows

The Canadian market continues to languish in negative territory a little past noon on Tuesday, despite recovering from early lows. Worries about lofty valuations of AI-related stocks, and uncertainty about the Federal Reserve's upcoming interest rate moves weigh on sentiment, prompting investors to trim down positions.
RTTNews | hace 3h 20min
U.S. Homebuilder Confidence Unexpectedly Edges Higher In November

U.S. Homebuilder Confidence Unexpectedly Edges Higher In November

Homebuilder confidence in the U.S. has unexpectedly seen a modest improvement in the month of November, according to a report released by the National Association of Home Builders on Tuesday. The report said the NAHB/Wells Fargo Housing Market Index crept up to 38 in November after jumping to 37 in October.
RTTNews | hace 4h 39min
Bay Street May Open On Weak Note

Bay Street May Open On Weak Note

Canadian stocks are likely to open lower Tuesday morning, tracking weak global cues amid concerns about AI bubble and uncertainty surrounding the Federal Reserve's interest rate moves in coming months.
RTTNews | hace 8h 1min
FTSE 100 Down 1.25%; Bank, Miners Among Major Losers

FTSE 100 Down 1.25%; Bank, Miners Among Major Losers

The U.K. stock market's benchmark FTSE 100 is down sharply in negative territory on Tuesday, extending losses to a fourth straight session, with several counters across various sectors seeing a sell-off amid concerns about the outlook for global economy.
RTTNews | hace 9h 4min