Bunge earnings fall short of expectations
CHICAGO Feb 11 (Reuters) - Grain trader Bunge Ltd reported a lower-than-expected quarterly profit on Thursday, citing struggles in its main agribusiness unit and Brazilian food business.
Fourth-quarter net income available to shareholders was $188 million, or $1.30 per share, compared with a year-earlier loss of $62 million, or 43 cents per share.
Excluding discontinued operations and other charges, earnings rose to $1.49 per share from $1.12. Analysts on average expected $1.56, according to Thomson Reuters I/B/E/S.
Revenue dropped to $11.13 billion from $13.23 billion. (Reporting by Tom Polansek; Editing by Lisa Von Ahn)
© Thomson Reuters 2016 All rights reserved.