Bunge: Q1 Earnings Snapshot
ST. LOUIS (AP) _ Bunge Ltd. (BG) on Tuesday reported first-quarter net income of $823 million, after reporting a loss in the same period a year earlier.
The St. Louis-based company said it had net income of $5.52 per share. Earnings, adjusted for non-recurring gains, were $3.13 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.55 per share.
The agribusiness and food company posted revenue of $12.96 billion in the period.
Bunge expects full-year earnings to be $7.50 per share.
Bunge shares have increased 31% since the beginning of the year. The stock has more than doubled in the last 12 months.