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Cargill Q4 earnings $476 million

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Christian Fernsby |
Cargill   Net earnings on a U.S. GAAP basis were $235 million

Cargill reported results for the fiscal 2019 fourth quarter ended May 31, 2019.

Adjusted operating earnings were $476 million, down 41% from the $809 million earned in last year’s record fourth quarter. This brought earnings for the full fiscal year to $2.82 billion, 12% below last year’s top performance.

Net earnings on a U.S. GAAP basis were $235 million, down from $711 million in the strong comparative period. For the 12 months, net earnings decreased 17% to $2.56 billion.

Fourth-quarter and full-year revenues each dipped 1% to $29.9 billion and $113.5 billion, respectively. Cash flow from operations equaled $5.19 billion, also a 1% decline.

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