Smithfield Foods (SFD) Reports Smaller-Than-Expected Q3 Loss; Optimistic About '10
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Smithfield Foods (NYSE: SFD) reports a Q3 loss of $0.15 per share, better than the consensus of a $0.27 loss. Revenues came in at $3.35 billion, versus the consensus of $3.41 billion.
Commenting on its outlook, the CEO said, ""Looking forward, I fully expect the fourth quarter to be another difficult quarter with continued substantial losses in hog production. However, I am reasonably optimistic about fiscal 2010 in spite of the current recession."
UPDATE: Here are some highlights from the company's Q3 conference call.
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