Movement Alert｜Bunge Pre-Market Rise 5.08%, Q3 Earnings Beat Expectations and Full-Year Outlook Was Maintained

Market Focus11-04

On November 4, Bunge rose 5.08% in Pre-Market Trading, trading at $99.5357 per share, with turnover of $49,900.

The move aligns with recently disclosed quarterly results showing earnings and revenue ahead of expectations, while the company maintained its adjusted EPS outlook for the full year.

Bunge reported third-quarter adjusted EPS of $2.56, above consensus estimates of $2.41 to $2.44, on net sales of $23.80 billion versus expectations of about $23.17 billion to $23.28 billion. Net income attributable to Bunge increased to $318 million from $166 million a year earlier, while adjusted EBIT rose to $846 million from $757 million. By segment, soybean processing and softseed processing and refining were key contributors, generating EBIT of $547 million and $353 million, respectively. The company reiterated its full-year adjusted EPS guidance of $9.25 to $9.75, compared with a consensus expectation of $9.42.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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