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.


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


Keywords: Bunge, Earnings Report