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Smithfield Announces 3rd Q earnings

by 5m Editor
16 February 2007, at 10:02am

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.

5m Editor