Smithfield Foods Beats Q1 Earnings Target
Posted on September 08th, 2010 in earnings, India Shares, investors observer, options, SFD, smithfield foods
Filed under: Earnings Reports, Good news, Smithfield Foods (SFD), Options, Technical Analysis
Smithfield Foods (SFD - option chain) shares are rising today after the company reported earnings this morning, posting a first-quarter profit of $76.3 million, or 46 cents per share, on revenue of $2.90 billion. Analysts had forecast a profit of 45 cents per share on revenue of $3.04 billion. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on SFD.SFD opened this morning at $16.75. So far today the stock has hit a low of $16.48 and a high of $17.18. As of 12:20, SFD is trading at $16.74 up 0.44 (2.7%). The chart for SFD looks neutral and S&P gives SFD a neutral 3 STARS (out of 5) hold ranking.
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Smithfield Foods Beats Q1 Earnings Target originally appeared on BloggingStocks on Wed, 08 Sep 2010 14:00:00 EST. Please see our terms for use of feeds.
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