Bunge quarterly profit beats estimates

Thu Apr 30, 2015 6:48am EDT
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April 30 (Reuters) - Bunge Ltd, one of the world's largest agricultural trading houses, reported a better-than-expected quarterly profit, helped by strong margins from soybean crushing and oilseeds exports.

Bunge reported net profit available to shareholders of $249 million, or $1.67 a share, for the first quarter ended March 31, compared with a loss of $27 million, or 18 cents, a year earlier.

Excluding items, it earned $1.58 per share, above analysts' average estimate of $1.14, according to Thomson Reuters I/B/E/S.

Revenue dropped 19.7 percent to $10.81 billion. (Reporting by Tom Polansek in Chicago and Sruthi Ramakrishnan in Bengaluru; Editing by Saumyadeb Chakrabarty)