White Plains, N.Y.-Bunge Ltd. said April 3 that it expects first quarter 2007 results to be weaker than the same period last year and below the current analyst consensus estimate, primarily due to lower than expected agribusiness results. Net income for the quarter ending March 31 is expected to be near breakeven. Bunge reaffirms its net income guidance for the full year ending Dec. 31, 2007, of $590 million to $610 million, which represents $4.56 to $4.71 per share and includes an estimated $30 million, or $0.23 per share, related to a gain on sale of assets. Bunge said earnings can shift among quarters, so it is best to view its business on an annual basis. It said market fundamentals are solid, and it expects to achieve forecasted full year results. Bunge will announce its first quarter results April 26.
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