Bunge Global SA Q3 Profit Decreases, But Beats Estimates

(RTTNews) - Bunge Global SA (BG) released a profit for third quarter that decreased from last year but beat the Street estimates.

The company's earnings came in at $221 million, or $1.56 per share. This compares with $373 million, or $2.47 per share, in last year's third quarter.

Excluding items, Bunge Global SA reported adjusted earnings of $324 million or $2.29 per share for the period.

Analysts on average had expected the company to earn $2.15 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 9.3% to $12.908 billion from $14.227 billion last year.

Bunge Global SA earnings at a glance (GAAP) :

-Earnings (Q3): $221 Mln. vs. $373 Mln. last year. -EPS (Q3): $1.56 vs. $2.47 last year. -Revenue (Q3): $12.908 Bln vs. $14.227 Bln last year.

-Guidance: Full year EPS guidance: $9.25