Grain Trader Bunge Beats Third-Quarter Profit Estimates

Reuters2023-10-26

Bunge beat Wall Street expectations for third-quarter profit on Thursday, as the grain trader and processor benefited from strong global export demand.

Earnings from its refined & specialty oils segment, its second largest by revenue and volume, were up 18% at $230 million in the quarter.

The higher results in the refined & specialty oils segment were primarily driven by North America, with Asia also contributing to the improved performance.

The company posted an adjusted profit of $2.99 per share for the three months ended Sept. 30, compared with analysts' average estimate of $2.50 per share, according to LSEG data.

Bunge and its peers make money by processing, trading, and shipping crops around the world. The supply chain intermediaries tend to thrive when crises like droughts or war trigger shortages.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1195801660?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-10-26 18:18","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1195801660","market":"us","top_or_hot":-1,"title":"Grain Trader Bunge Beats Third-Quarter Profit Estimates","media":"Reuters","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/BG\">Bunge </a> beat Wall Street expectations for third-quarter profit on Thursday, as the grain trader and processor benefited from strong global export demand.</p><p style=\"text-align: start;\">Earnings from its refined &amp; specialty oils segment, its second largest by revenue and volume, were up 18% at $230 million in the quarter.</p><p style=\"text-align: start;\">The higher results in the refined &amp; specialty oils segment were primarily driven by North America, with Asia also contributing to the improved performance.</p><p>The company posted an adjusted profit of $2.99 per share for the three months ended Sept. 30, compared with analysts&#39; average estimate of $2.50 per share, according to LSEG data.</p><p style=\"text-align: start;\">Bunge and its peers make money by processing, trading, and shipping crops around the world. The supply chain intermediaries tend to thrive when crises like droughts or war trigger shortages.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grain Trader Bunge Beats Third-Quarter Profit Estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrain Trader Bunge Beats Third-Quarter Profit Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n2023-10-26 18:18 北京时间&nbsp;&nbsp;&nbsp;<strong>Reuters</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bunge  beat Wall Street expectations for third-quarter profit on Thursday, as the grain trader and processor benefited from strong global export demand.Earnings from its refined & specialty oils ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BG","symbol_name":"邦吉","start_time":0,"source_url":"","article_id":"1195801660","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1195801660","pubTimestamp":1698315487,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"$Bunge $ beat Wall Street expectations for third-quarter profit on Thursday, as the grain trader and processor benefited from strong global export demand.Earnings from its refined & specialty oils segment, its second largest by revenue and volume, were up 18% at $230 million in the quarter.The higher results in the refined & specialty oils segment were primarily driven by North America, with Asia also contributing to the improved performance.The company posted an adjusted profit of $2.99 per sha","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BG":"邦吉"},"translate_title":"谷物交易商Bunge超过第三季度利润预期","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BG":1.1},"content_text":"Bunge  beat Wall Street expectations for third-quarter profit on Thursday, as the grain trader and processor benefited from strong global export demand.Earnings from its refined & specialty oils segment, its second largest by revenue and volume, were up 18% at $230 million in the quarter.The higher results in the refined & specialty oils segment were primarily driven by North America, with Asia also contributing to the improved performance.The company posted an adjusted profit of $2.99 per share for the three months ended Sept. 30, compared with analysts' average estimate of $2.50 per share, according to LSEG data.Bunge and its peers make money by processing, trading, and shipping crops around the world. The supply chain intermediaries tend to thrive when crises like droughts or war trigger shortages.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1195801660"}