Bunge Ltd. said Thursday that its third-quarter net income tumbled 32 percent as its agribusiness, sugar and bioenergy, and milling products units turned in lower-than-expected performances.
The White Plains, N.Y., agribusiness company, which sells and purchases huge amounts of grain, said it made $132 million, or 89 cents per share, in the quarter ended Sept. 30. That’s compared with $193 million, or $1.36 per share, a year earlier. Revenue rose 34 percent to $15.62 billion.