Bunge Q4 Adj. EPS Tops Estimates; Guides FY24 Below Estimates

RTTNews | 333 days ago
Stocktwits
Bunge Q4 Adj. EPS Tops Estimates; Guides FY24 Below Estimates

(RTTNews) - Bunge Ltd. (BG) reported Wednesday that net income attributable to the company for the fourth quarter surged to $616 million or $4.18 per share from $336 million or $2.21per share in the prior-year quarter.

Excluding items, adjusted net income for the quarter was $3.70 per share, compared to $3.24 per share in the year-ago quarter.

On average, 12 analysts polled by Thomson Reuters expected the company to report earnings of $2.80 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter edged down to $14.94 billion from $16.66 billion in the same quarter last year. Analysts expected revenues of $15.06 billion for the quarter.

Looking ahead to fiscal 2024, the company now projects adjusted earnings of approximately $9.00 per share. The Street is looking for earnings of $10.52 per share for the year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

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TSX Ends On Firm Note Again, Gains 1.1% In Week

TSX Ends On Firm Note Again, Gains 1.1% In Week

The Canadian market closed on a firm note on Friday, lifted by gains in real estate, communications and technology stocks. The benchmark S&P/TSX Composite Index ended the session with a gain of 175.51 points or 0.7% at 25,073.54. The index gained 1.12% in the holiday-shortened week.
RTTNews | 2 days ago
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

After a positive start, Swiss stocks retreated and moved along the flat line right till the end of the day's trading session on Friday, as investors, returning to the market after New Year holidays, refrained from making significant moves.
RTTNews | 2 days ago
European Stocks Close Weak After Cautious Session

European Stocks Close Weak After Cautious Session

European stocks closed weak on Friday, retreating after scoring strong gains on the first session of Year 2024. Losses in automobile, luxury and travel sectors weighed on the markets on a day when investors largely stayed cautious, looking for directional clues.
RTTNews | 2 days ago
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