Bunge Reports First Quarter 2019 Results
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Bunge Limited (BG) Tops Q1 EPS by 39c, Revenues Miss
May 8, 2019 6:13 AM EDTBunge Limited (NYSE: BG) reported Q1 EPS of $0.36, $0.39 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $9.94 billion versus the consensus estimate of $10.76 billion.
Q1 GAAP EPS of $0.26 vs. $(0.20) in the prior year; $0.36 vs. $(0.06) on an adjusted basisHigher Agribusiness results reflect better Oilseeds crush volumes and marginsImproved results in Food & Ingredients driven by full quarter of Loders Croklaan ownership and higher margins in Brazil operationsGlobal Competitiveness Program continues to simplify operations and streamline customer service; on track to deliver $250 million of total savings a year ahead of... More