ST. LOUIS (AP) — ST. LOUIS (AP) — Bunge Global SA (BG) on Wednesday reported fourth-quarter net income of $616 million.
The St. Louis-based company said it had net income of $4.18 per share. Earnings, adjusted for one-time gains and costs, came to $3.70 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.79 per share.
The agribusiness and food company posted revenue of $14.94 billion in the period.
For the year, the company reported profit of $2.24 billion, or $14.87 per share. Revenue was reported as $59.54 billion.
Bunge Global shares have dropped 11% since the beginning of the year. The stock has declined roughly 10% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BG at https://www.zacks.com/ap/BG
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