Bunge Limited (NYSE:BG) stock slipped in premarket trading after the agribusiness posted a strong quarter but issued a softer profit outlook for the year ahead.
Improved segment performance and disciplined execution lifted operating results, though investors focused on guidance and a tougher earnings setup.
The company reported fourth-quarter adjusted earnings per share of $1.99, beating the analyst consensus estimate of $1.81.
Quarterly sales of $23.762 billion outpaced the Street view of $22.684 billion.
Segment Performance
Soybean Processing and Refining: Quarterly net sales totaled $11.045 billion, higher than $8.374 billion a year ago. Slightly higher segment results were primarily driven by South America, reflecting higher processing and refining results in Argentina and Brazil.
Softseed Processing and Refining: Net sales totaled $4.545 billion, higher than $1.808 billion a year ago. Higher segment results were primarily driven by higher average processing …