Agribusiness Company Bunge Misses Q2 Earnings Estimates, Warns Of Geopolitical Uncertainty
1. Bunge's Q4 FY24 sales dropped 9.33% to $13.54 billion, missing estimates. 2. Adjusted EPS fell to $2.13, lower than the $2.24 consensus. 3. Agribusiness segment sales decreased by 9.5% to $9.9 billion. 4. Gross profit improved by 13.8%, but adjusted EBIT plunged 46.8%. 5. FY25 adjusted EPS outlook is $7.75, down from prior estimates.