3 Min Read
Bloomberg
By Gerson Freitas Jr.
Bunge Global SA warned investors that the profit boom over the past few years is fading faster than anticipated, causing shares of the agricultural trading giant to waver.
Adjusted earnings are expected to drop by a third this year to approximately $9 a share, Bunge said in Wednesday’s earnings statement. The full-year outlook, which would be the lowest in four years, trails the $10.42-a-share average estimate of analysts surveyed by Bloomberg.