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ST. LOUIS - Bunge Global SA (NYSE: NYSE:BG) reported lower fourth quarter earnings that missed analyst estimates, as weaker results in its core agribusiness segment offset gains in other areas.
The global agribusiness and food company posted adjusted earnings per share of $2.13 for Q4, down from $3.70 in the year-ago quarter and below the consensus estimate of $2.65. Revenue fell to $13.54 billion from $14.94 billion last year.
Bunge’s core agribusiness segment saw EBIT decline to $563 million from $835 million, driven by lower processing results in North and South America. This was partially offset by improved merchandising performance.
For the full year 2024, Bunge reported adjusted EPS of $9.19, down from $13.66 in 2023. The company forecasts 2025 adjusted EPS of approximately $7.75, below the current analyst consensus of $9.09.
"While we didn’t end the year as we expected and our forward visibility is limited by the increased geopolitical uncertainty, we are confident that the work we’ve done to further strengthen our business will allow us to continue to create value for all stakeholders," said CEO Greg Heckman.
Bunge shares were down 2.5% in pre-market trading following the earnings release. The company said it is in the late stages of regulatory processes for its planned acquisitions of Viterra and CJ Selecta.
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