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

RTTNews | 672 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 | 1036 दिनों पहले
South Korea Shares Due For Support On Thursday

South Korea Shares Due For Support On Thursday

The South Korea stock market has moved lower in back-to-back sessions, falling almost 20 points or 0.5 percent in that span. The KOSPI now sits just above the 4,135-point plateau although it may find traction on Thursday.
RTTNews | 1घंटे 9 मिनट पहले
Australia Unemployment Data Due On Thursday

Australia Unemployment Data Due On Thursday

Australia will on Thursday release November numbers for unemployment, highlighting a light day for Asia-Pacific economic activity.
RTTNews | 1घंटे 39 मिनट पहले
Fed Cuts Rates For Third Straight Meeting But Signals Differing Views About Outlook

Fed Cuts Rates For Third Straight Meeting But Signals Differing Views About Outlook

The Federal Reserve on Wednesday announced its widely expected decision to cut interest rates by another quarter point, matching the rate cuts seen in September and October. The Fed said it decided to lower the target range for the federal funds rate by 25 basis points to 3.50 to 3.75 percent.
RTTNews | 4घंटे 37 मिनट पहले
Swiss Market Settles Marginally Down

Swiss Market Settles Marginally Down

After a weak start and a subsequent to lower levels, the Switzerland market recovered most of the lost ground on Wednesday thanks to selective buying at a few frontline counters. Investors awaited the Swiss National Bank's interest rate decision due on Thursday.
RTTNews | 4घंटे 59 मिनट पहले
TSX Up Marginally After BoC's Policy Announcement; Fed Move Eyed

TSX Up Marginally After BoC's Policy Announcement; Fed Move Eyed

Canadian stocks recovered after a weak start on Wednesday, with investors digesting the Canadian central bank's monetary policy announcement, and looking ahead to the Federal Reserve's rate decision. The BoC held rates as expected. The Fed is widely expected to lower interest rate by 25 basis points.
RTTNews | 6घंटे 52 मिनट पहले