CORRECTED-Bunge profit tops Street view on strong agribusiness results
(Corrects net earnings per share)
July 31 (Reuters) - Bunge Ltd, one of the world's largest agricultural trading houses, on Thursday reported higher-than-expected second quarter earnings due to good oilseed processing margins and strong demand.
Bunge reported net earnings of $272 million, or $1.81 per share, compared with a year-earlier net earnings of $110 million, or 75 cents per share. Excluding special items, earnings per share were $1.76, versus 74 cents a year earlier.
Revenue rose to $16.8 billion from $15.5 billion.
Analysts had expected earnings of $1.36 per share and revenue of $15.25 billion, according to Thomson Reuters I/B/E/S.
Bunge is among the four large players known as the "ABCD" companies that dominate the flow of agricultural goods around the world. The others are Archer Daniels Midland Co, Cargill Inc and Louis Dreyfus Corp. (Reporting by Karl Plume in Chicago, Editing by Franklin Paul)
- Exclusive: Angry with Washington, 1 in 4 Americans open to secession
- Scots spurn independence in historic vote, nationalist leader resigns |
- Eight bodies found after attack on Guinea Ebola education team
- Special Report: Scotland stays in UK, but Britain faces change
- Alibaba expected to rise more than 30 percent in trading debut |