Bunge reports Q4 2023 profits surpassing analyst estimates, driven by strong global export demand.

Bunge, a grain trader and processor, reported higher-than-expected profits for the fourth quarter of 2023, attributing the results to strong global export demand. The company's adjusted profit per share was $3.70, surpassing the average analyst estimate of $2.81. Bunge's core agribusiness segment, which accounts for the majority of the company's revenue and volume, saw earnings increase by 89% year-over-year to $835 million. The strong results were primarily driven by South America, Europe, and Canada.

February 07, 2024
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