On Wednesday, Bunge Ltd (NYSE:BG)’s shares declined -2.41% to $73.74.
Bunge Limited (BG) Reports Second Quarter 2015 Results.
- Total adjusted segment EBIT of $152 million, down $266 million vs. last year
- Agribusiness lower due to weak softseed processing and trading & distribution results
- Food & Ingredients influenced by market slowdown in Brazil
- YTD total adjusted segment EBIT of $525 million, up $32 million vs. last year
- Combined Agri-Foods rolling 4Q ROIC of 9.6%; 2.6 points over WACC
- Expect strong 2H in Agribusiness, improvement from 1H in Foods and combined full year Agri-Foods ROIC of ~10%
Overview
Soren Schroder, Bunge’s Chief Executive Officer, stated, “Conditions in the second quarter were more challenging than predictable. In Agribusiness, we practiced weak softseed margins, slow farmer selling outside of Brazil and a difficult trading & distribution environment. In Food & Ingredients, margins and volumes came under dramatic pressure in our Brazilian businesses, especially Edible Oils, as consumers adjusted to an environment of increasing unemployment, inflation and currency devaluation.
Bunge Limited, through its auxiliaries, operates as an agribusiness and food company worldwide. It operates in five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. The Agribusiness segment engages in the purchase, storage, transport, processing, and sale of agricultural commodities and commodity products, such as oilseeds and grains, counting soybeans, rapeseed, canola, sunflower seeds, wheat, and corn to animal feed manufacturers, livestock producers, wheat and corn millers, other oilseed processors, third-party edible oil processing companies, and biodiesel industries. T
Box Inc (NYSE:BOX)’s shares gained 2.72% to $14.74.
IBM (IBM) and Box (BOX) declared a global partnership that will combine the best-in-class technologies and resources of both companies to transform work in the cloud. Together, the companies plan to integrate their existing products and services and develop new, innovative solutions targeted across industries and professions ranging from medical teams working on complex cases to individuals negotiating consumer loans by mobile phone to engineers and researchers identifying patterns in patents, reports and academic journals.
As companies increasingly seek simple, secure partnership solutions that tap into local data and have global reach, this planned alliance brings together Box’s industry-leading cloud content partnership platform with IBM Analytics and Social solutions, IBM Security technologies and the global footprint of the IBM Cloud. The two companies will jointly deliver these solutions to market internationally, and IBM will also enable builders and developers to integrate Box APIs into enterprise apps and web services.
Box, Inc. provides a cloud-based enterprise content partnership platform that enables organizations of various sizes to access, store, share, and manage their content/information. Its solutions comprise FTP alternative to keep content organized, share files, and manage content access; document administration; an executive boardroom for simplified meeting administration, security and control, and secure mobile access; project administration; a virtual data room; marketing asset administration; a sales portal; secure enterprise mobility; and business applications for enterprise-readiness. It serves advertising, construction, consumer packaged goods, education, energy, financial services and insurance, government, healthcare and life sciences, high tech, legal, manufacturing, media and entertainment, nonprofits, and retail industries. Box, Inc. was formerly known as Box.net, Inc. and changed its name to Box, Inc. in November 2011.
At the end of Wednesday’s trade, Brixmor Property Group Inc (NYSE:BRX)‘s shares surged 0.04% to $25.25.
Brixmor Property Group Inc. (BRX) declared that its operating partnership, Brixmor Operating Partnership LP (the “Operating Partnership”), priced its formerly declared offering of $500 million aggregate principal amount of 3.875% Senior Notes due 2022 (the “Notes”). The Notes will be issued at 99.223% of par value with a coupon of 3.875%. Interest on the Notes is payable semi-annually on February 15 and August 15 of each year, commencing February 15, 2016. The Notes will mature on August 15, 2022. The offering is predictable to close on August 10, 2015, subject to customary closing conditions.
The Operating Partnership anticipates to use all or a portion of the net proceeds from this offering to refinance maturing indebtedness and for general corporate purposes. Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBC Capital Markets, LLC are acting as joint book-running managers for the offering.
Brixmor Property Group Inc. owns and operates various grocery-anchored community and neighborhood shopping centers in the United States. As of March 31, 2013, the company owned interests in 532 community and neighborhood shopping centers comprising 526 wholly owned community and neighborhood shopping centers; and 6 community and neighborhood shopping centers held through unconsolidated real estate joint ventures. Brixmor Property Group Inc. was formerly known as CENTRO SUPER RESIDUAL HOLDING 2 LLC.
58.com Inc (ADR) (NYSE:WUBA), ended its Wednesday’s trading session with -4.13% loss, and closed at $46.01.
58.com Inc (ADR) (NYSE:WUBA) stated its unaudited financial results for the first quarter ended March 31, 2015.
First Quarter 2015 Financial Highlights
- Total revenues were US$87.1 million, an 80.5% enhance from the same period last year; surpassing guidance of US$82.0 to US$84.0 million.
- Gross margin was 93.1%, contrast with 94.9% during the same quarter of 2014.
- Net loss attributable to 58.com Inc. was US$52.4 million, contrast with net income attributable to 58.com Inc. of US$2.3 million in the same period of last year.
- Non-GAAP net loss attributable to 58.com Inc.[1] was US$47.8 million, contrast with non-GAAP net income attributable to 58.com Inc. of US$3.3 million in the same quarter of 2014.
- Basic and diluted losses per ADS[2] attributable to ordinary shareholders were US$0.59. One ADS represents two Class A ordinary shares.
58.com Inc. operates an online marketplace for local merchants and consumers in the People’s Republic of China. Its online marketplace enables local merchants and consumers to connect, share information, and conduct business.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
