HOME ZACKS RESEARCH FUNDS PORTFOLIO BROKER RESEARCH MARKETS SCREENING EDUCATION SERVICES

Zacks Equity Research
Zacks Rank can tell you which stocks to buy and sell. Zacks Equity Research tells you why. Click here to learn more.
Quote:
Login Free Membership
Search:

 
Tale of the Tape  

Bunge Gains 4%+ as Q2 Beats

July 23, 2009 | Comments: 0
Recommended this article (1)
BG
Print    Share

Despite lackluster revenue, Bunge Ltd. (BG - Snapshot Report) reported better-than-expected second-quarter results, sending its shares higher by more than 4% so far today.

The company posted adjusted earnings of $2.13 per share, beating the consensus estimate by a significant margin of 213%, or $1.45.

The agribusiness major’s sales fell 23% to 10.99 billion.

Meanwhile, the company maintained its full-year earnings guidance of $4.90 to $5.40 per share citing expectations of a strong performance in the second half of the year.

The outlook is well above the consensus forecast of $4.48 per share, derived from 7 covering analysts, which has remained constant over the past 2 months.

BG, a Zacks #3 Rank ("Hold") stock, is trading on higher-than-usual volume of about 2.0 million, compared to the average daily volume of approximately 1.4 million.


Email

Print

Share

RSS

Rate Pos

Rate Neg

Comment
Read/Post Comments (0) | Recommended this article (1)
 Posting Comment...
There was a problem posting this this comment. Please try back later.
[CLICK TO CLOSE X]
Comments (Limit 1000 Characters - Used: 0)
Display Name: Email Address:  
 Loading Comments...
Be the first to comment on this article!

More Zacks Resources

Market Summary Nov 25, 2009 02:56 am ET
DJIA 10433.71  -17.24 -0.16%
NASD 2169.18  0.00 0.00%
S&P 500 1105.65  -0.59 -0.05%
Sponsored Links