Smithfield Foods Posts Earnings Drop

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Earnings Analysis:

Author: Albena Toncheva
123jump.com
Last Update: 12:51 AM ET June 03 2005

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Pork and beef producer, Smithfield Foods, Inc., reported Friday its 4Q dropped 30% vs. the year-ago comparable quarter, which included a a year-earlier gain on the sale of Schneider Corp. and profit from discontinued operations.

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