Cargill's Q3 results strong, though meat operations down from last year
Cargill reported $766 million in earnings from continuing operations in the fiscal 2012 third quarter ended Feb. 29, 2012, essentially even with $763 million earned in the same period a year ago. In the first nine months, earnings from continuing operations were $1.1 billion, compared with $2.29 billion in the year-ago period. Both the prior year figures exclude earnings from Cargill's former majority investment in The Mosaic Company.
Consolidated revenues in the 2012 third quarter were $31.9 billion, a 5 percent increase from $30.5 billion a year ago. Nine-month revenues totaled $99.8 billion, up 18 percent from $84.7 billion in the prior period.