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NEW YORK - Bunge Global SA (NYSE: NYSE:BG) reported fourth quarter earnings that fell short of analyst expectations, sending shares down 3.76% in early trading Wednesday.
The company’s shares were down -5.35% in pre-market trading following the earnings release.
The agribusiness and food company posted adjusted earnings per share of $2.13, below the $2.27 consensus estimate. Revenue of $9.91 billion also missed expectations of $13.73 billion.
Bunge’s fourth quarter results were impacted by lower processing results in its Agribusiness segment, particularly in North America and South America. This was partially offset by improved performance in the Merchandising business.
For the full year 2024, Bunge reported adjusted EPS of $9.19, down from $13.66 in 2023.
Looking ahead, the company provided a disappointing outlook for 2025, forecasting adjusted EPS of approximately $7.75. This falls well below the $8.81 per share analysts were expecting.
"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 said it expects lower year-over-year results in 2025 from its Agribusiness and Refined and Specialty Oils segments, while Milling results are forecast to improve.
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