Bunge drops 2008 guidance,cites weak 4Q

摘要

White Plains,N.Y.-Bunge Ltd.said Jan.13 that it is lowering its earnings expectations for the full year ended Dec.31,2008.The revised preliminary earnings estimate is approximately 1.06 billion,or 7.70 per share,down significantly from earlier guidance of 11.60-11.90 per share.Weak fourth-quarter results were impacted by soft demand for soybean meal and oil due to challenging economic conditions in end markets and substitutions of other agricultural commodity products.