Cargill Q4 earnings fall on exchange rate loss, revenues rise

Thu Aug 7, 2014 9:19am EDT

Aug 7 (Reuters) - Cargill Inc, a top global commodities trader, said on Thursday its quarterly earnings fell due to a loss stemming from Venezuela's currency exchange rate.

The privately held company, based in Minneapolis, reported net earnings of $424 million for the fiscal fourth quarter ended May 31. That was down 12 percent from $483 million in the same quarter a year earlier.

Revenue rose 2 percent to $36.2 billion, compared with $35.4 a year earlier. (Reporting by Karl Plume in Chicago; Editing by Jeffrey Benkoe)

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