Bunge: 2Q Earnings Snapshot
WHITE PLAINS, N.Y. (AP) _ Bunge Ltd. (BG) on Wednesday reported a second-quarter loss of $12 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the White Plains, New York-based company said it had a loss of 15 cents. Earnings, adjusted for one-time gains and costs, were 10 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.
The agribusiness and food company posted revenue of $12.15 billion in the period.
Bunge shares have climbed 3 percent since the beginning of the year. The stock has decreased 12 percent in the last 12 months.