Bunge Profit Slips 1% Amid Fertilizer Price Issues, Guidance Disappoints (BG)

Thu. October 22, 2009; Posted: 07:42 AM

Oct 22, 2009 (SmarTrend(R) News Watch via COMTEX) -- BG | Quote | Chart | News | PowerRating -- 10/22/2009-Bunge (NYSE:BG) reported Q3 EPS $1.62, topping consensus estimates of $1.47. Revenues in the quarter fell 23.6% year-over-year to $11.3 billion, and came in short of consensus estimates of $12.0 billion. Bunge expects full-year 2009 EPS of $3.10-$3.50 (vs. consensus estimates of $4.69) and down from its previous guidance of $4.90 to $5.40.

Jacqualyn Fouse, Chief Financial Officer, stated, "Agribusiness should post a strong finish to the year and food and ingredients should continue its recovery. The large U.S. harvest will provide our operations with an ample supply of crops to originate, process and distribute to customers around the world. We expect northern hemisphere agribusiness margins to remain good due to the supply shortage in South America. However, fertilizer results will be weaker than we previously expected due to a softer pricing environment both internationally and in Brazil."

Write to Chip Brian at cbrian@tradethetrend.com

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For full details on Bunge Ltd (BG) click here. Bunge Ltd (BG) has Short Term PowerRatings of 4. Details on Bunge Ltd (BG) Short Term PowerRatings is available at This Link.

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