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

RTTNews | 511 days ago
Stocktwits
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

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Paramount To Pay $16 Mln To Settle Lawsuit By Trump Over Interview With Kamala Harris

Paramount To Pay $16 Mln To Settle Lawsuit By Trump Over Interview With Kamala Harris

Media firm Paramount Global has agreed to pay $16 million to settle a legal dispute with U.S. President Donald Trump, over its '60 Minutes' interview with former Vice President Kamala Harris, reports said. The interview was broadcast on Paramount's affiliated CBS network last year, ahead of the 2024 Presidential election.
RTTNews | 1h 46min ago
Bay Street Likely To Open With Positive Bias

Bay Street Likely To Open With Positive Bias

Canadian shares look set to open with a positive bias on Wednesday, tracking steady European markets and higher crude oil prices. Optimism about Canada and the U.S. striking a trade deal is likely to help underpin sentiment.
RTTNews | 3h 15min ago
Yen Falls Amid Risk-on Mood

Yen Falls Amid Risk-on Mood

The Japanese yen weakened against other major currencies in the European session on Wednesday amid increased risk-on mood, as investors pondered the prospect of Federal Reserve rate cuts and hoped for a positive resolution on trade discussions ahead of completion of 90-day tariff pause on July 9.
RTTNews | 3h 51min ago
FTSE 100 Up Marginally In Cautious Trade

FTSE 100 Up Marginally In Cautious Trade

The U.K. market is up marginally a little past noon on Wednesday with stock moving in a tight range as investors await fresh developments on the trade front.
RTTNews | 4h 5min ago
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the European session on Wednesday.
RTTNews | 4h 20min ago
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