Smithfield Foods earnings fall, miss estimates
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Top U.S. hog and pork producer Smithfield Foods Inc.  reported lower-than-expected quarterly earnings on Thursday due to a weak market for fresh meat and higher hog production costs.
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WILLIAMSBURG, Virginia  - U.S. meat company Smithfield Foods Inc.'s  once ravenous appetite for growth may be abating as the company may now focus on paying down debt, according to comments made on Wednesday by its chief executive.
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Pepsi Bottling Group Inc  on Thursday gave a 2008 earnings forecast that fell short of most Wall Street estimates.
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Del Monte Foods Co.  posted lower quarterly profit on Thursday due to rising ingredient costs and weak consumer demand for branded food and pet products.
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Electric motor maker AO Smith Corp. lowered its third-quarter and full-year earnings estimates Monday, citing increased costs for raw materials and freight.
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Restaurant operator Bob Evans Farms  Inc. BOBE.O on Monday reported a drop in quarterly earnings  and warned that full-year results would fall short of Wall  Street estimates.
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Campbell Soup Co  posted lower  quarterly profit on Friday, hurt by higher commodity costs and  promotional spending.
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SMITHFIELD Pork processor Smithfield Foods Inc. said yesterday that net income in the first quarter more than doubled as improved profitability in hog production and strong results in pork offset lower beef earnings.
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The doughnut chain reported sharply lower quarterly  earnings on Thursday that missed Wall Street's expectations as  it tries to overhaul operations after being battered by popular  low-carbohydrate diets. Its shares closed at $15.36 on the New  York Stock Exchange.
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Caterpillar Inc. CAT.N reported  lower-than-expected quarterly earnings on Thursday as higher  raw material prices and retirement benefits hurt profits,  sending its shares down more than 4 percent.
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Stocks fell on Tuesday after a weak outlook from Procter & Gamble, disappointing earnings from U.S. Steel and a report showing consumer confidence at a two-year low fueled worries about the economy, consumer spending and corporate profits.
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Smithfield Foods, the worldâs biggest hog and turkey producer, reported yesterday that quarterly net income doubled on rising beef and pork sales. Hormel Foods said its profit fell on higher costs to make Spam meat products and bacon bits.
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U.S. stocks were lower on Wednesday  after a profit warning from Coca-Cola Co. KO.N renewed  investors' doubts about earnings growth in the second half of  the year.
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Hog and pork producer Smithfield Foods Inc. (SFD.N) on Thursday said quarterly earnings more than doubled due to higher hog prices and the acquisition last year of Farmland Foods.
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Tyson Foods Inc. (TSN.N: Quote, Profile, Research) , the largest US meat producer, on Monday said quarterly earnings dropped by more than 50 percent in part to poor results in its beef segment.
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Kroger Co., the largest US grocer, reported a lower quarterly profit Tuesday, hurt by debt costs even as sales rebounded in Southern California where it was hit by a strike.
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Campbell Soup Co  on Thursday posted a quarterly profit below analysts' estimates as the company overhauled its supply chain in Australia and Indonesia, pushing its stock down almost 4 percent.