Bunge Boosts FY20 Outlook - Quick Facts

(RTTNews) - While reporting financial results for the third quarter on Wednesday, agribusiness and food company Bunge Ltd. (BG) raised its adjusted earnings guidance for the full year 2020 to a range of $6.25 to $6.75 per share, based on the strong results in the third quarter and improving market trends.

On average, nine analysts polled by Thomson Reuters expect the company to report earnings of $3.51 per share for the year. Analysts' estimates typically exclude special items.

In Agribusiness, the company's improved outlook reflects its third quarter year-to-date results, the current market environment and forward curves.

In Edible Oils, it now expects adjusted results to be up compared to last year due to the strong performance of its consumer businesses and growing biofuel demand. Expected full-year adjusted results in Milling continue to be in line with last year.

In Fertilizer, the company now expects full-year adjusted results to be slightly higher than last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Latest Markets Videos


    Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

    Learn More