Bunge Reports Second Quarter 2020 Results
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Bunge Limited (BG) Tops Q2 EPS by $2.56, Revenues Miss; Raises FY20 EPS Outlook
July 29, 2020 6:06 AM EDTBunge Limited (NYSE: BG) reported Q2 EPS of $3.88, $2.56 better than the analyst estimate of $1.32. Revenue for the quarter came in at $9.46 billion versus the consensus estimate of $9.7 billion.
Q2 GAAP EPS of $3.47 vs. $1.43 in the prior year; $3.88 vs. $1.52 on an adjusted basisCore Agribusiness and Food & Ingredients businesses generated strong resultsAgribusiness earnings improved on excellent execution; results also benefited from ~$380 million of timing differences related to expected Q1 reversals and new mark-to-market gainsEdible Oils performed better than expectedIncreasing full-year earnings outlook to reflect better than expected... More