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Bunge (BG) Stock Climbs on Q1 Earnings Beat

NEW YORK (TheStreet) -- Shares of Bunge (BG) are advancing by 3.32% to $62.47 on heavy trading volume Thursday afternoon, after the company reported its 2016 first quarter results.

Before the market open, the White Plains, NY-based agribusiness and food company posted adjusted earnings of $1.41 per diluted share, trumping analysts' estimates of 73 cents per share.

Revenue came in at $8.92 billion, missing Wall Street's projections of $10.21 billion. Last year, the company reported revenue of $10.81 billion.

South American exports were strong...