Shares of Bunge Ltd. /zigman2/quotes/208554679/composite BG -0.60% bounced 1.0% in premarket trading Wednesday, after the agricultural commodities supply and transportation company reported adjusted profit and sales that rose well above expectations and raised its full-year outlook. Net income fell to $688 million, or $4.48 a share, from $831 million, or $5.52 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share rose to $4.26 from $3.13, beating the FactSet consensus of $2.94. Sales grew 22.5% to $15.88 billion, above the FactSet consensus of $14.63 billion, as agribusiness sales rose 14.7% to $11.23 billion and refined and specialty oils sales increased 45.9% to $3.98 billion. Cost of sales rose 24.2% to $14.68 billion, as gross profit as a percentage of sales dropped to 7.6% from 8.8%. For 2022, the company raised its adjusted EPS guidance to at least $11.50 from at least $9.50. The stock, which slumped 8.8% amid a four-day losing streak through Tuesday, has run up 23.0% year to date while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.59% has dropped 12.4%.