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Stock impact report

Bunge's Profit Drops Less Than Expected as Crop Prices Drop [Financial Post (Toronto, Ontario, Canada)]

Bunge Limited Common Shares (BG) 
Last bunge limited common shares earnings: 2/12 06:00 am Check Earnings Report
US:NYSE Investor Relations: bunge.com/investors
Company Research Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Bunge Global SA's third-quarter profit dropped less than expected as it navigates a scenario of lower crop prices around the globe. Listen to the Here's Why podcast on Apple, Spotify or anywhere you listen. Earnings per share excluding mark-to-market timing differences were $2.29 a share in the three months ended September, down 23% from a year earlier and still the lowest since 2019 for the period, the company said in a statement. That exceeded the $2.14 average of analyst estimates. Bunge — which belongs in the select group of companies that dominate the supply of agricultural commodities globally — has seen profits erode from the record levels seen over the last couple of years, when it benefited from the trading opportunities created by a combination of tight supplies and Russia's invasion of Ukraine. Prices for soybeans, corn and wheat have Show less Read more
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