Bunge beats profit estimates on strong processing margins, Viterra boost

Core Insights - Bunge exceeded Wall Street's expectations for third-quarter adjusted profit, driven by the acquisition of Viterra, improved processing margins, and increased crop sales volumes [1][2] - The merger with Viterra, valued at $34 billion, was completed in July, marking a significant milestone for the company [2] - The adjusted profit for the quarter was reported at $2.27 per share, surpassing analysts' average estimate of $2.09 per share [3] Financial Performance - Net sales from soybean processing and refining reached $10.86 billion, up from $7.86 billion in the same quarter last year, indicating a strong year-over-year growth [2] - The company's performance was further supported by a decline in soybean prices, which positively impacted processing margins [1]