Bunge Global gains on Q1 profit beat
ReutersMay 7, 2025 11:39 AM
Shares of grain trader Bunge Global BG.N up 2.4% at $80 premarket
Company beat Q1 profit estimate, helped by higher tariff uncertainty-fueled demand for its products
BG posts Q1 adjusted profit of $1.81/share vs estimate of $1.30/share - data compiled by LSEG
"We benefited in the first quarter from tariff-related timing shifts in demand and farmer activity and remain confident in our ability to continue to execute despite the current market environment" - CEO Greg Heckman
However, Q1 net sales from its core agribusiness segment dropped 16.2% to $8.16 billion from a year ago
As of last close, BG shares up 0.5% YTD
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