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ThePigSite Latest News
Friday, February 16, 2007
Print This Page Smithfield Announces 3rd Q earnings
US - Smithfield Foods, Inc. said today that it expects to announce earnings for the fiscal 2007 third quarter in the range of $.53 to $.56 per diluted share for the period ended January 28. The company reported $.63 per diluted share in the same quarter last year.The company noted that the results reflect a significant decline in hog production earnings that were partially offset by sharply higher earnings in its international segment and approximately $.04 per diluted share in tax-related adjustments.
Smithfield will announce third quarter earnings on March 1.
Smithfield Foods has delivered a 24 percent average annual compounded rate of return to investors since 1975. With sales of $11 billion, Smithfield is the leading processor and marketer of fresh pork and processed meats in the United States, as well as the largest producer of hogs. For more information, visit www.smithfieldfoods.com.
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