CHICAGO, Ill. (Reuters) — Bunge Global SA recently beat Wall Street estimates with a record fourth-quarter adjusted profit as strong oilseed processing results boosted its core agribusiness division.
However, the company forecast a drop in adjusted profit in the year ahead due to narrowing crush margins.
The fourth-quarter earnings results come as Bunge works to close a deal to acquire Viterra by midyear, a merger that would create an agribusiness powerhouse closer in size to its chief rivals Cargill and Archer-Daniels-Midland.
Bunge posted an adjusted profit of US$3.70 per share for the three months ended Dec. 31, up from $3.24 per share in the same quarter a year earlier and above analysts’ average estimate of $2.81.
