ST. LOUIS (AP) — ST. LOUIS (AP) — Bunge Ltd. (BG) on Wednesday reported first-quarter net income of $632 million.
The St. Louis-based company said it had net income of $4.15 per share. Earnings, adjusted for non-recurring gains, came to $3.26 per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $3.39 per share.
The agribusiness and food company posted revenue of $15.33 billion in the period.
Bunge expects full-year earnings to be $11 per share.
Bunge shares have decreased nearly 9% since the beginning of the year. The stock has declined 21% 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 BG">Zacks stock report on BG at https://www.zacks.com/ap/BG