Smithfield Foods, Inc (NYSE:SFD) on Thursday announced a boost in fiscal Q3 profit, showing higher revenues and lower income tax cost.
Packaged pork and meat products maker announced revenues were driven by expansion in packaged meats and solid contributions from international operations. EPS and revenues both surpassed Wall Street forecasts.
Net income of the company hiked to $81.5 million or $0.58 a share in third quarter, from $79 million or $0.49 a share in similar quarter a year ago.
At the current trading session, Smithfield Foods, Inc (NYSE:SFD) shares gained +7.85% to $24.04 while The Stock traded within the range of $22.65 – $24.19. In the past year, the stock has traded within a range of $17.55 – $24.19. The current session’s volume of 328,325.00 shares is down from the average daily trading volume of 1.71 million shares.
Navistar International Corp (NYSE:NAV) on Thursday announced that its Board of Directors has picked Troy Clarke as president and CEO of the company, effective April 15.
Troy Clarke will also join the truck maker’s board.
The company separately reported a narrower loss for fiscal Q1, assisted by lower costs and outlays, despite a drop in sales.
Net loss attributable to company for Q1 narrowed to $123 million or $1.53 a share from $153 million or $2.19 a share in same period a year ago.
Navistar International Corp (NYSE:NAV) shares are up +19.91% to $29.89 while the stock is traded within the range of $28.27 – $29.95 in the current trading session. In the last 12 months the shares have traded between $18.17 and $43.06. The current session’s volume of 1.47 million shares is lower than their average daily trading volume of 1.80 million shares.
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