Agribusiness Company Bunge Misses Q2 Earnings Estimates, Warns Of Geopolitical Uncertainty

Shares of agribusiness and food company Bunge Global SA BG are trading lower in premarket on Wednesday.Here’s a breakdown of the company’s report: Fourth-quarter FY24 sales declined 9.33% year-on-year to $13.54 billion, missing the analyst consensus estimate of$13.60 billion.Adjusted EPS of $2.13 missed the consensus estimate of$2.24.Net sales from the Agribusiness segment declined 9.5% to 9.9 billion, and Refined & Specialty Oils decreased 7.4% to 3.3 billion.Gross profit improved 13.8% Y/Y to $1.08 bi ...