Smithfield Foods posts loss
Smithfield Foods posted a loss of $0.55 per share in its fiscal fourth quarter, $0.05 better than the First Call consensus that expected a loss of $0.60 per share.
Pork producer Smithfield Foods, which has processing facilities in Sioux City, Sioux Center and Denison, reported losses of $78.8 million, or 55 cents per share for its fourth fiscal quarter and $190.3 million, or $1.35 per share, for the full fiscal year ended May 3.