Bunge Global SA Q2 Profit Decreases, Misses Estimates

(RTTNews) - Bunge Global SA (BG) released earnings for second quarter that decreased from the same period last year and missed the Street estimates.

The company's earnings totaled $70 million, or $0.48 per share. This compares with $622 million, or $4.09 per share, in last year's second quarter.

Excluding items, Bunge Global SA reported adjusted earnings of $248 million or $1.73 per share for the period.

Analysts on average had expected the company to earn $1.79 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 12.0% to $13.24 billion from $15.05 billion last year.

Bunge Global SA earnings at a glance (GAAP) :

-Earnings (Q2): $70 Mln. vs. $622 Mln. last year. -EPS (Q2): $0.48 vs. $4.09 last year. -Revenue (Q2): $13.24 Bln vs. $15.05 Bln last year.