The global agribusiness firm posted first-quarter earnings per share of $1.83, driven by higher volumes and pricing in grains and oilseeds.
Bunge reported first-quarter adjusted earnings per share of $1.83, reflecting robust demand in its agribusiness segment. The result was supported by stronger volumes and favorable pricing in grains and oilseeds amid tight global supplies.
Analysts had expected EPS of $1.75 for the quarter, while the year-ago period saw $2.37. Revenue rose 5% year-over-year to $16.1 billion, exceeding consensus estimates of $15.8 billion.
Shares of BG edged higher in premarket trading following the release, as investors weighed the earnings beat against broader commodity market volatility.