Bunge: 2Q Earnings Snapshot
WHITE PLAINS, N.Y. (AP) _ Bunge Ltd. (BG) on Wednesday reported second-quarter net income of $214 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the White Plains, New York-based company said it had net income of $1.43. Earnings, adjusted for one-time gains and costs, came to $1.52 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.
The agribusiness and food company posted revenue of $10.1 billion in the period.
Bunge shares have climbed 5.5% since the beginning of the year. The stock has decreased 17% in the last 12 months.