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DAILY EARNINGS

Smithfield Foods, C&D Technologies Net Loss


Author: Trupti Mehta
ticker.com
Last Update: 10:05 AM ET September 08 2009

10:00AM New York - C&D Technologies, Inc revenue rose 11.9% and net loss was $5.62 million. Smithfield Foods, Inc revenue fell 14% and net loss was $107.7 million.

C&D Technologies, Inc, a producer and marketer of electrical power storage and conversion systems reported second quarter revenues rose 11.9% to $82.4 million from $92.5 million a year ago. Net loss for the quarter was $5.62 million or 21 cents per diluted share compared to net loss of $1.43 million or 6 cents per share a year ago.

C&D Technologies, Inc (CHP) in the last one year traded as high as $7.72 in September 2008 and as low as $1.01 in March 2009. Based on the yesterday’s closing price of $2.12 the company has market cap of $55.75 million.

Smithfield Foods, Inc, the hog producer and pork processor reported first quarter revenues fell 14% to $2.72 billion from $3.14 billion a year ago. Net loss for the quarter was $107.7 million or 75 cents per diluted share compared to net loss of $13.2 million or 10 cents per share a year ago.

Smithfield Foods, Inc (SFD) in the last one year traded as high as $23.40 in September 2008 and as low as $5.40 in November 2008. Based on the yesterday’s closing price of $13.04 the company has market cap of $1.87 billion.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc