Reported 3 months ago
Bunge Global's shares fell 8% after the company reported second-quarter profits below Wall Street expectations, primarily due to lower crushing margins amid ample global supplies of soybeans and corn. Despite a decrease in earnings, Bunge raised its full-year profit forecast to $9.25 per share, citing improved market conditions towards the end of the quarter. The company is also progressing towards a $34 billion merger with Viterra, expecting completion soon.
Source: YAHOO