Key facts
- Bunge Global SA reported second-quarter adjusted earnings of $1.31 per share.
- Analysts had expected adjusted earnings of $1.08 per share.
- GAAP earnings rose to $354 million ($2.61 per share) from $70 million ($0.48 per share) year-over-year.
- Revenue fell 3.5% to $12.77 billion.
- The company issued full-year EPS guidance of $7.75.
Bunge Global SA exceeded Wall Street's profit expectations for the second quarter, driven by improved processing margins. The company reported adjusted earnings of $1.31 per share, surpassing the average analyst estimate of $1.08 per share. This marks a significant increase from the $0.48 per share reported in the same period last year, with GAAP earnings reaching $354 million.
Despite the profit surge, Bunge's revenue for the quarter experienced a slight decline, falling 3.5% to $12.77 billion from $13.24 billion in the prior year. The company has provided guidance for its full-year earnings per share, projecting it to be $7.75.