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Tag Archives Profit

Crops, Markets, Reuters

ADM beats profit estimates but revenue disappoints

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Reading Time: 2 minutes Reuters — Global grains trader Archer Daniels Midland beat Wall Street estimates for quarterly profits on Thursday, helped by strength in its grain milling and nutrition businesses. Still, revenue missed analysts’ expectations and net earnings attributable to the company were 44 per cent lower than a year earlier. Shares were down nearly three per cent […] Read more
Crops, Markets, Reuters

Bunge lifts outlook as quarterly profit nearly doubles

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Reading Time: 2 minutes Reuters — Agricultural commodities trader Bunge Ltd. raised its 2020 outlook after reporting a 91 per cent jump in adjusted third-quarter profit on Wednesday, as strong soy processing margins and robust demand for soy products boosted its core agribusiness segment. Bunge shares rose almost seven per cent to their highest level in more than a […] Read more
Crops, Reuters

Syngenta says IPO ‘on track’

Ag chem firm books higher first-half profit

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Reading Time: 2 minutes Zurich | Reuters — Agricultural chemical maker Syngenta posted higher first-half profit and sales on Thursday, helped by maintaining supplies to farmers and controlling costs during the coronavirus outbreak, and said it was on track to complete its public listing by mid-2022. The Swiss company, bought by state-owned ChemChina for $43 billion in 2017, posted […] Read more
Crops, Markets, Reuters

Nutrien cuts profit forecast on weak ammonia prices

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Reading Time: < 1 minute Reuters — Canadian fertilizer maker Nutrien on Monday cut its annual adjusted profit forecast as weaker-than-normal industrial demand held back prices for ammonia and urea ammonium nitrate. The company cut the top end of its 2020 adjusted earnings per share forecast to $1.90 from $2.10 earlier, while retaining the lower end at $1.50. Even as […] Read more
General, Markets, Reuters

Loblaw beats profit estimates as online sales surge

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Reading Time: < 1 minute Reuters — Loblaw beat quarterly revenue and profit estimates on Thursday, driven by a near-fourfold jump in online sales, as stay-at-home Canadians used the retailer’s pickup and delivery services to stock up on bread, milk and eggs. With consumers still limiting their trips outdoors due to the COVID-19 pandemic, the company said it would invest […] Read more
Crops, Reuters

CN strike to weigh on railway’s 2019 profit

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Reading Time: < 1 minute Reuters — Canadian National Railway on Tuesday cut its adjusted profit growth target for 2019, citing shipment delays from the country’s largest rail strike in a decade that ended last week. Shares in CN, which counts billionaire Bill Gates’ investment firm as its biggest shareholder, fell almost two per cent in morning trading in both […] Read more
Livestock, Reuters

Maple Leaf profit misses estimates on weak pork prices

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Reading Time: 2 minutes Reuters — Packaged meat producer Maple Leaf Foods missed analysts’ estimates for quarterly profit on Thursday, as weak pork prices offset growth in its prepared meats business. Pork prices have taken a beating from the Sino-U.S. trade war, with China’s retaliatory tariffs affecting demand from the South Asian country, which is the world’s biggest pork […] Read more
Hogs, Livestock, Reuters

Pork supply issues hit Maple Leaf’s Q1 ledger

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Reading Time: < 1 minute Reuters — Meat packer Maple Leaf Foods posted a smaller-than-expected quarterly profit as lower prices and a temporary interruption in supplies hurt sales of its pork products, sending its shares to their lowest in nearly two years. The company, one of Canada’s biggest pork processors, said that processed fresh pork sales were affected by a […] Read more
Crops, Reuters, Soybeans

Coffee may profit more than soy in Brazil’s new farming frontier

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Reading Time: 2 minutes Luis Eduardo Magalhaes, Brazil | Reuters –– Farmers tending vast, flat soy and cotton fields that spread as far as the eye can see in northeastern Brazil are finding that coffee crops might provide higher profits in the country’s agricultural frontier. More coffee farms are being developed in the western part of Bahia state, which […] Read more
Crops, Reuters

Monsanto surprises with adjusted profit as expenses drop

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Reading Time: 2 minutes Reuters — U.S. seeds and agrochemicals company Monsanto, which agreed last month to be bought by Germany’s Bayer for US$66 billion, reported a surprise adjusted profit, helped by a drop in expenses and higher corn seed volumes. Monsanto agreed in September to a sweetened $128-per-share offer from Bayer that, if approved by regulators, would create […] Read more

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