Smithfield sales and net income up in first quarter

摘要

Smithfield Foods Inc. announced fiscal 2012 1Q net income was $82.1 million, or $.49 per diluted share, including a $39.0 million pre-tax litigation charge, compared to riet income of $76.3 million ($.46 per diluted share) last year; adjusted EPS was $.69 per diluted share, an improvement of $.23, or 50 percent. Sales for the quarter were $3,094.2 million compared to $2,901.3 million during the same period last year, largely due to higher average unit selling prices in the Pork segment and higher live hog market prices.