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

RTTNews | 1311 days ago
Stocktwits
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

Tags: BG
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UK Stocks Rise On GDP Growth, Oil Price Decline

UK Stocks Rise On GDP Growth, Oil Price Decline

UK stocks advanced Friday as July GDP growth of 0.4% beat expectations and oil prices tumbled following downward IEA demand revisions. The FTSE 100 reached 10,674.52, up 0.61% despite ongoing US-Iran concerns.
RTTNews | 6 minutes ago
Indian Shares End Off Day's Lows As Oil Prices Ease

Indian Shares End Off Day's Lows As Oil Prices Ease

Indian shares ended Friday's session lower as Middle East tensions persisted, and investors awaited key U.S. CPI data later in the day for additional clues on the Federal Reserve's rate trajectory.
RTTNews | 1h 2min ago
German Stocks Move Modestly Higher As Oil Prices Fall Sharply

German Stocks Move Modestly Higher As Oil Prices Fall Sharply

German stocks moved higher on Friday, recovering from losses posted in the previous two sessions, as oil prices fell sharply following the International Energy Agency (IEA) revising downward its world oil demand forecast for the year.
RTTNews | 1h 18min ago
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