06:42 AMBunge (BG): Q3 EPS of $1.62 beats by $0.15. Revenue of $11.3B (-23.6%) vs. $12B. Sees full-year EPS of $3.10-$3.50 vs. consensus of $4.69. Says fertilizer business continues to be pressured by high-cost inventory and a weak pricing environment. (PR)
Comment!
12:51 PM
The WTO rules that Brazil can implement $294.7M in sanctions on American goods to make up for cotton subsidies that benefit companies like Archer Daniels Midland (ADM -1.4%), Bunge (BG -2.1%) and ConAgra (CAG +0.8%). Chinese demand has driven cotton up 27% this year.
Comment!
Thursday, July 23, 2009
07:07 AMBunge (BG): Q2 EPS of $2.28 beats by $1.57. Revenue of $11B (-23.5%) vs. $12B. (PR)
Comment!
17:47 PMBunge (BG): Sees full-year 2008 EPS of $7.70 vs. consensus of $10.22, and 2009 EPS of $6.90-7.60 vs $8.00. Demand fell more than anticipated in Q4, it says. Shares -2.4%. (PR)
Comment!
Wednesday, November 5, 2008
08:46 AM
Corn Products International (CPO) says it will withdraw its recommendation of Bunge's (BG) takeover bid. Originally valued at $4.2B, the value of the all-stock offer has plunged 63% along with Bunge's shares.
Comment!
Thursday, October 23, 2008
06:48 AMBunge (BG): Q3 EPS of $1.70 vs. consensus of $2.81. Revenue of $14.8B vs. $14.46B. Sees full-year EPS of $11.60-11.90 vs. $11.49. (PR)
Comment!