Agricultural commodity merchant Louis Dreyfus Company recorded a rise in first-half sales, supported by higher volumes shipped, but weaker prices for most crops pushed down profits, it said on Friday.
Tag Archives earnings
Cargill plans overhaul after earnings fall short of targets
An internal company document says less than a third of the firm’s businesses met their earnings goal in fiscal 2024
BEIJING/SINGAPORE (Reuters) — Global trading house Cargill will undergo structural changes after missing internal earnings goals, with plans to streamline operations into three units instead of five, according to an internal company document seen by Reuters and two company sources. Agricultural merchants like privately held Cargill face challenges as prices of the commodity crops they […] Read more
Bayer earnings take a hit
FRANKFURT, Germany (Reuters) — Bayer has posted a 16.5 percent drop in quarterly adjusted earnings, becoming the latest agricultural chemical supplier to be hit by weak demand due to lower grains prices. The development added to the chief executive officer’s challenges in his second year in the job. Bayer boss Bill Anderson has launched a […] Read more
Bunge earnings outlook up after strong quarter
(Reuters) — Bunge Ltd. has raised its full-year earnings outlook after improved processing margins helped the agri-trader post a second-quarter profit above Wall Street estimates. Bunge forecast full-year adjusted profit to be at least US$11.75 per share on an improving margin outlook, up from guidance of $11 a share previously and above the average analyst […] Read more
