Bunge Q2 Profit Plunges - Quick Facts

(RTTNews) - Agribusiness and food company Bunge Ltd.'s (BG) second-quarter net income available to common shareholders plummeted to $110 million, or $0.75 per share, from last year's $265 million, or $1.78 per share. Net income per share from continuing operations totaled $0.74, significantly lower than $1.73 reported a year back.

On average, 10 analysts polled by Thomson Reuters expected earnings per share of $1.30 for the quarter. Analysts' estimates typically exclude one-time items.

Net sales improved to $15.49 billion, up from the previous year's $14.5 billion. Analysts estimated revenues of $15.81 billion for the quarter.

Looking ahead, the company said it remains optimistic about the second half.