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BRIEF-Cargill posts Q2 adjusted earnings $574 mln

Published 2016-01-07, 09:24 a/m
© Reuters.  BRIEF-Cargill posts Q2 adjusted earnings $574 mln

Jan 7 (Reuters) - Cargill:
* Cargill reports second-quarter fiscal 2016 earnings
* Cargill inc qtrly adjusted operating earnings in the second quarter were $574
million, a 13 percent decrease
* Cargill inc -second-quarter revenues decreased 10 percent to $27.3 billion,
reflecting lower commodity prices and weaker demand in some markets
* Cargill - says adjusted operating earnings in animal nutrition & protein
decreased slightly in the second quarter
* Cargill says "within the segments, we saw performance gains in key global
businesses, including animal nutrition, grain and oilseed processing"
* Cargill inc - qtrly industrial & financial services' adjusted operating
earnings declined significantly from last year's level
* Cargill - says Q2 adjusted operating earnings for the origination &
processing segment were down moderately from last year's level
* Cargill inc net earnings on a U.S. GAAP basis in the second quarter were
$1.39 billion versus $784 million a year ago
* Cargill - says Q2 adjusted operating earnings in food ingredients &
applications slipped below last year
* Cargill -q2 industrial&financial services' adjusted operating earnings
decline reflect in part liquidation of certain hedge funds at asset
management unit
* Cargill inc says going forward, cargill's investments in venezuela will be
accounted for using the cost method of accounting
* Cargill inc says "energy results were reduced by muted volatility in
petroleum markets" in the quarter
* Cargill-difference between Q2 adjusted and net earnings included gain on sale
of US pork business and interest in north star bluescope jv, venezuela charge

* Source text for Eikon
* Further company coverage [CARG.UL CARGIL.UL CARG.UL CARG.UL CARG.UL CARGIL.UL
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