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Bunge: Q1 Earnings Snapshot

May 4, 2021 GMT

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BG at https://www.zacks.com/ap/BG