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CHICAGO, Oct 29 (Reuters) - Grain trader Bunge Ltd reported a lower quarterly profit on Thursday due to weaker results in its sugar, fertilizer and food and ingredients businesses. Net income available to shareholders in the third quarter fell to $229 million, or $1.56 per share, from $284 million, or $1.90 per share, a year earlier. Excluding discontinued operations and other charges, adjusted net income was $1.24 per share, down from $1.31 a year ago. Analysts expected earnings of $1.56 per share, according to Thomson Reuters I/B/E/S. Revenue dropped to $10.79 billion from $13.68 billion, below analysts' estimates for $12.64 billion. Bunge's stock price is down about 13 percent this year. Shares of rival Archer Daniels Midland are down about 10 percent. (Reporting by Tom Polansek)
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Bunge is based in United states of america. Bunge is listed in United States of America. Its market capitalisation is US$ 14.5 billions as of today (€ 13.5 billions). Its stock quote reached its lowest recent point on July 14, 2023 at US$ 100.03, and its highest recent level on April 29, 2024 at US$ 103.48. Bunge has 140 400 000 shares outstanding. |