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

RTTNews | 1014 dagar sedan
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
Indian Shares End Lower On Weak Global Cues

Indian Shares End Lower On Weak Global Cues

Indian shares closed lower on Tuesday, mirroring weak cues from global markets as investors braced for the delayed September U.S. jobs data and earnings from Nvidia.
RTTNews | 1h 7minuter sedan
Swiss Franc Rises Amid U.S.-Swiss Tariff Deal

Swiss Franc Rises Amid U.S.-Swiss Tariff Deal

The Swiss franc strengthened against other major currencies in the Asian session on Tuesday, after Switzerland negotiated a tariff agreement with the United States.
RTTNews | 2h 52minuter sedan
Asian Shares Retreat Before Nvidia Earnings, Key US Data

Asian Shares Retreat Before Nvidia Earnings, Key US Data

Asian stocks tumbled on Tuesday as risk aversion intensified ahead of upcoming Nvidia earnings and a slew of U.S. economic data, including the delayed jobs report, which will be released almost seven weeks behind schedule due to the government shutdown.
RTTNews | 2h 54minuter sedan
Commodity Currency's Slide Amid Risk-off Mood

Commodity Currency's Slide Amid Risk-off Mood

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Tuesday, as Asian shares traded lower amid ongoing concerns about the market valuation, especially among technology shares, and the diminishing prospects of an interest rate cut by the U.S. Fed next month.
RTTNews | 5h 23minuter sedan