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Smithfield Foods
SFD reported a 3.2% rise in its fiscal third-quarter earnings.
Smithfield's quarterly profit climbed to $81.5 million, or $0.58 per share, from $79 million, or $0.49 per share, in the year-ago quarter.
Its sales rose 3% to $3.58 billion. However, analysts were expecting earnings of $0.50 per share on sales of $3.53 billion.
Its gross margin declined to 9.2% from 10.9%, while total pork sales rose 0.3%.
Smithfield shares closed at $22.30 yesterday.
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