Market Overview

UPDATE: Smithfield Foods Q1 Net Profit Down 25%

Related SFD
Government Shutdown Takes A Bite Out of U.S. Food Production, Safety and Pricing Data
UPDATE: BMO Capital Markets Terminates Coverage on Smithfield Foods Following Acquisition by Shuanghui International

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


Related Articles (SFD)

View Comments and Join the Discussion!

Partner Center