Smithfield Foods Inc. (SFD) reported third quarter net income of $0.58 per share Thursday morning, up from $0.49 per share last year. The consensus estimate was for EPS of $0.51.
Smithfield Foods has been rising sharply since the open Thursday and is now up 2.53 at $24.83 on above average volume. The stock has broken out past resistance and has set a new high for the year.
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