Bunge Ltd., which buys, sells and processes oilseeds and grains, said Thursday that its third-quarter net income fell 9 percent as it booked a charge to pay down debt, but profit topped expectations and the company said it expects a strong finish to the year.
Net income for the quarter ended Sept. 30 was $212 million, or $1.36 per share, down from $232 million or $1.62 per share, during the same period last year. Revenue rose to $11.66 billion from $11.3 billion during the same period last year. That was shy of Wall Street’s $12.48 billion consensus view.