Cargill Inc sees sharp drop in net earnings, revenues amid trade fight

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© Reuters. A Cargill sign is seen during the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai© Reuters. A Cargill sign is seen during the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai

CHICAGO (Reuters) - Grain trader Cargill Inc on Thursday reported a 20 percent drop in its fiscal second-quarter 2019 net earnings, amid global trade tensions, challenges in the Chinese hog sector and a struggling U.S. dairy sector.

The company's net earnings on a U.S. GAAP basis for the quarter ended Nov. 30, 2018, were $741 million, a 20 percent decline from $924 million for the same period a year earlier.

Cargill's second quarter revenues fell 4 percent, to $28 billion, bringing the year-to-date figure to $56.7 billion. The company's quarterly adjusted operating earnings were $853 million, down 10 percent from $948 million.

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Business, Financial News and U.S, International Breaking News and more | ReutersHerald: Cargill Inc sees sharp drop in net earnings, revenues amid trade fight
Cargill Inc sees sharp drop in net earnings, revenues amid trade fight
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