Bunge Limited Q3 Profit Beats Estimates; Increases Earnings Outlook

(RTTNews) - Bunge Limited (BG) said it delivered a truly exceptional quarter with strong performances across the company's core and non-core operations. Looking forward, the company increased full-year adjusted earnings per share outlook to at least $11.50 based on strong third quarter results and favorable market trends.

Analysts polled by Thomson Reuters expect the company to report profit per share of $7.67. Analysts' estimates typically exclude special items.

Third quarter adjusted earnings per share increased to $3.72 from $2.47, a year ago. On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $1.16, for the quarter. Net income to common shareholders increased to $653 million or $4.28 per share compared to $274 million or $1.84 per share, last year. Net sales increased to $14.12 billion from $10.16 billion, a year ago. Analysts expected revenue of $11.61 billion, for the quarter.

Shares of Bunge Limited were up 5% in pre-market trade on Wednesday.