Smithfield Foods (SFD) revealed a profit for its first quarter that increased from the same period last year
The company's bottom line came in at $224 million, or $0.57 per share. This compares with $156 million, or $0.41 per share, last year.
Excluding items, Smithfield Foods reported adjusted earnings of $227 million or $0.58 per share for the period.
The company's revenue for the period rose 9.5% to $3.771 billion from $3.444 billion last year.
Smithfield Foods earnings at a glance (GAAP) :
-Earnings: $224 Mln. vs. $156 Mln. last year.-EPS: $0.57 vs. $0.41 last year.-Revenue: $3.771 Bln vs. $3.444 Bln last year.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.