Bunge Stock Plunges On 1Q Loss, Lower Guidance

SAN JOSE, Calif. (AP) — Shares of Bunge Ltd. fell Thursday after the food products and fertilizer maker reduced its 2009 profit forecast, as fiercer-than-expected price-cutting among competitors weighed the company to a first-quarter loss.

The stock fell $6.76, or 12.4 percent, to $47.74 in afternoon trading. Shares have traded in a 52-week range of $27.60 to $127.64.

Bunge said Thursday that it lost $195 million, or $1.76 per share, in the three months ended March 31. In the same period last year, the company turned a profit of $289 million, or $2.10 per share. ...