Cargill's earnings up for third quarter

Cargill had $729 million in earnings from continuing operations in the quarter that ended Feb. 28, the company said today.

That was nearly twice the $326 million it earned from continuing operations in the same quarter last year, when earnings were slowed by the global recession, the company said.

The company also realized a $169 million one-time gain from discontinued operations, bringing total net earnings for the quarter to $898 million.

"The growth in Cargill's third-quarter earnings was broad based, with all five of our business segments posting improved results from a year ago," Greg Page, Cargill chairman and chief executive officer, said in a statement. "Because of the connections across our diverse portfolio of businesses, we were able to benefit from the faster pace of economic recovery occurring in emerging markets."