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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

Smithfield Foods Raises Annual Profit Outlook On Hog Segment Strength

Smithfield Smithfield Foods Nasdaq SFD Wirestock
Smithfield Foods-Photo by Wirestock Creators via Shutterstock

Smithfield Foods, Inc. (NASDAQ:SFD) shares are trading lower on Tuesday.

The company reported second-quarter adjusted earnings per share of 55 cents, in line with the analyst consensus estimate. Quarterly sales of $3.786 billion (+11% year over year) outpaced the Street view of $3.630 billion.

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