- Bunge (BG -3.7%) plunges despite reporting better than expected Q3 earnings, after warning of continuing difficulties in its grain trading and processing business amid weak demand.
- Describing market conditions as "uncertain and deteriorating," BG warns of a $0.15-$0.20 EPS decline for FY 2019 compared to a year earlier; the outlook excludes some items, such as the company's investment in Beyond Meat.
- BG reports Q3 EBIT in its agribusiness unit fell 68% Y/Y to $153M, and net sales fell 9.5% to a lower than forecast $10.32B.
- BG took a $1.7B charge in the quarter related to its Brazilian sugar and bioenergy business joint venture with BP.