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In a release before the markeyt openedon Thursday, the company SFD), based in Smithfield, Va., reported a loss of $103.1 or 72 cents a share, for the quartedr that ended Feb. 1. This compares with earningds of $54.5 million, or 41 cents a share, the prior The company said it tookan $84.8 million charge, or 38 centzs a share, in the quarter for restructuring its pork division. Smithfielfd announced in February that it woul close six pork plants by cutabout 1,800 jobs and take charges of $115 millionb for the actions.
Smithfield said at the time that Patricjk Cudahy will be spared any but the Cudahy maker of processed meats and baconh willjoin Smithfield's John Morrell Groupp business, a producer of fresh pork and processed under the reorganization of the pork Smithfield is the nation’s leading processor and marketere of fresh pork and packaged meats, and the biggest hog The company's third-quarter revenue was $3.3 up from $3.
1 billion a year
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