Smithfield profit rises 3 pct on higher sales of packaged meat
March 7 |
March 7 (Reuters) - Smithfield Foods Inc, the largest U.S. hog producer, reported a 3 percent increase in quarterly profit, helped by higher sales of packaged meat.
Net income rose to $81.5 million, or 58 cents per share, in the third quarter ended Jan. 27 from $79 million, or 49 cents per share, a year earlier.
Excluding items, Smithfield earned 69 cents per share.
Revenue rose 3 percent to $3.58 billion.
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