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
Bunge To Sell 50% Stake In BP Bunge Bioenergia JV In Brazil To BP
Bunge Q4 Adj. EPS Tops Estimates; Guides FY24 Below Estimates
European Shares Set To Extend Losses Amid Risk Aversion
Canadian Dollar Drops Against Most Majors
NZ Dollar Slides Against Most Majors
Australian Dollar Falls Against Majors
Indian Shares Open Lower As Investors Await Nvidia Earnings And US Jobs Data
