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BRIEF-Cargill qtrly revenue falls 17 pct to $27.5 bln

Published 2015-10-07, 10:24 a/m
© Reuters.  BRIEF-Cargill qtrly revenue falls 17 pct to $27.5 bln

Oct 7 (Reuters) - Cargill Inc:
* Cargill reports first-quarter fiscal 2016 earnings
* Cargill inc qtrly revenues were $27.5 billion, down 17 percent from
$33.3 billion a year ago
* Cargill inc says adjusted operating earnings in animal nutrition & protein
decreased in the first quarter
* Cargill inc qtrly net earnings were $512 million, a 20 percent increase from
last year's $425 million
* Cargill inc - origination & processing segment made largest contribution to
first quarter, with adjusted operating earnings up slightly from a year ago
* Cargill inc - adjusted operating earnings in the first quarter were $611
million, compared with $619 million in the same period a year ago
* Cargill inc qtrly food ingredients & applications were down slightly from
last year's first quarter
* Cargill inc says unseasonable pressures in cattle and beef markets led to a
weaker quarter in North American beef
* Cargill inc - cattle costs remained high, and continued high beef prices
caused consumers to seek less expensive alternatives such as pork and poultry
* Cargill says quarter reflects "solid performance globally in grain and
oilseeds processing and animal nutrition"
* Cargill inc qtrly profitability in starches and sweeteners was pressured in
Europe by historically low sugar prices
* Cargill inc says integration of adm's chocolate business is proceeding on
target
* Source text for Eikon ID:nPn6n1xvs
* Further company coverage [CARG.UL CARGIL.UL CARG.UL CARG.UL CARGIL.UL CARG.UL
CARGIL.UL CARG.UL CARG.UL CARGIL.UL CARG.UL CARG.UL CARGIL.UL CARG.UL CARGIL.UL
CARG.UL CARGIL.UL CARG.UL CARGIL.UL CARG.UL CARGIL.UL]

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