Bunge beats 4Q profit forecasts

WHITE PLAINS, N.Y. (AP) _ Bunge Ltd. (BG) on Wednesday reported fourth-quarter profit of $271 million.

The White Plains, New York-based company said it had profit of $1.82 per share. Earnings, adjusted for non-recurring gains, came to $1.70 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.56 per share.

The agribusiness and food company posted revenue of $12.06 billion in the period.

For the year, the company reported profit of $745 million, or $5.01 per share. Revenue was reported as $42.94 billion.

Bunge shares have decreased 5.5 percent since the beginning of the year. The stock has climbed 31 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BG at https://www.zacks.com/ap/BG

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Keywords: Bunge, Earnings Report