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Smithfield Foods (NYSE: SFD) reported a 25% drop in its first-quarter profit.

Smithfield's quarterly net income declined to $61.7 million, or $0.40 per share, versus $82.1 million, or $0.49 per share, in the year-ago period.

Its net sales came in at $3.09 billion.

Smithfield shares dropped 2.33% to $18.87 in pre-market trading.

Posted-In: profitEarnings News

 

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