Bunge Q4 Adj. EPS Tops Estimates; Guides FY24 Below Estimates

RTTNews | 567 दिनों पहले
Bunge Q4 Adj. EPS Tops Estimates; Guides FY24 Below Estimates

(RTTNews) - Bunge Ltd. (BG) reported Wednesday that net income attributable to the company for the fourth quarter surged to $616 million or $4.18 per share from $336 million or $2.21per share in the prior-year quarter.

Excluding items, adjusted net income for the quarter was $3.70 per share, compared to $3.24 per share in the year-ago quarter.

On average, 12 analysts polled by Thomson Reuters expected the company to report earnings of $2.80 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter edged down to $14.94 billion from $16.66 billion in the same quarter last year. Analysts expected revenues of $15.06 billion for the quarter.

Looking ahead to fiscal 2024, the company now projects adjusted earnings of approximately $9.00 per share. The Street is looking for earnings of $10.52 per share for the year.

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

टैग: BG
read more
Bunge Q4 Adj. EPS Tops Estimates; Guides FY23 Below Estimates

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

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.
RTTNews | 931 दिनों पहले
Bay Street Likely To Open On Positive Note

Bay Street Likely To Open On Positive Note

Canadian shares are likely to open on a positive note on Wednesday, riding on strong earnings from Royal Bank of Canada and National Bank of Canada. Weak commodity prices and concerns on the geopolitical and tariffs front may weigh limit market's upside.
RTTNews | 13 मिनटों पहले
European Stocks Turning In Mixed Performance

European Stocks Turning In Mixed Performance

European stocks are turning in a mixed performance on Wednesday as political uncertainty in France, and a lack of any significant positive triggers render the mood cautious. Investors are also awaiting earnings updates from AI major NVIDIA.
RTTNews | 39 मिनटों पहले
FTSE 100 Flat In Lackluster Trade; Bank Stocks Drifting Lower

FTSE 100 Flat In Lackluster Trade; Bank Stocks Drifting Lower

U.K. stocks are somewhat subdued in lackluster trade on Wednesday as investors remain a bit reluctant to make significant moves due to a lack of triggers. The benchmark FTSE 100 was at 9,266.25 a little before noon, up 0.45 points over previous close.
RTTNews | 1घंटे 29 मिनट पहले
CAC 40 Advances After Recent Losses

CAC 40 Advances After Recent Losses

Despite the uncertainty on the political front, the French market is up in positive territory on Wednesday due largely to some bargain hunting at several counters after two successive days of declines. Investors are also looking ahead to AI giant Nvidia's earnings updates.
RTTNews | 1घंटे 44 मिनट पहले
DAX Remains Weak Despite Paring Some Early Losses

DAX Remains Weak Despite Paring Some Early Losses

German stocks are down in negative territory in cautious trade on Wednesday amid political uncertainty in France ahead of a confidence vote early next month, and anxiety ahead of Nvidia's earnings for clues on the AI trade.
RTTNews | 2घंटे 0 मिनट पहले
Mixed Sentiment In Asian Markets

Mixed Sentiment In Asian Markets

Asian markets moved in a mixed fashion on Wednesday amidst anxiety ahead of release of earnings update by chip-giant NVIDIA.
RTTNews | 2घंटे 11 मिनट पहले