NEW YORK (TheStreet) -- Shares of Bunge (BG) - Get Report are rising 3.64% to $63.46 this morning after the company reported a surprising earnings beat for the 2016 second quarter before today's opening bell.
Bunge reported adjusted earnings of 79 cents per diluted share and revenue of $10.54 billion for the quarter.
Analysts had expected the White Plains, NY-based agriculture and food company to report earnings of 38 cents per share on revenue of $10.08 billion.
Bunge CEO Soren Schroder said in a company statement that the company is improving its global footprint through investments and strategic partnerships. Bunge is also progressing on focus areas, such as Brazil and Europe foods, China crush and U.S. grains.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "hold" with a ratings score of C+.
The company's strengths can be seen in multiple areas, such as its attractive valuation levels, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. However, TheStreet Ratings also finds weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself.
You can view the full analysis from the report here: BG