Daily Stocks News » SFD

Major Movers on May 29; STEI, SFD, AEGR, TFM, WTSL

Warren Paige — Wed, 29 May 2013 17:57:11 +0000

Shares of Stewart Enterprises Inc. (NASDAQ: STEI) rallied 33% by afternoon trade after its bigger peer Service Corporation International (NYSE: SCI) announced on Wednesday that it has agreed to buy the smaller funeral services provider in deal valued at $1.4 billion. Service Corp said that the acquisition will enable the funeral service provider to increase [...]

Chinese Meat Producer Shuanghui to Acquire Smithfield Foods (SFD)

Warren Paige — Wed, 29 May 2013 16:39:53 +0000

Shares of Smithfield Foods Inc. (NYSE: SFD) skyrocketed on Wednesday after Chinese food processing company Shuanghui International also referred to as Shineway, said that it will acquire the world’s biggest pork producer in deal estimated at about $4.7 billion. The acquisition is by far the biggest ever done by a Chinese Company in the U.S.

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Major Movers on March 7; HOTT, SMTC, PETM, SFD, KR, CIEN, TWX

Warren Paige — Thu, 07 Mar 2013 17:47:47 +0000

Shares of Hot Topic (NASDAQ: HOTT) skyrocketed 30% after the teen retailer said it has agreed to be taken private by private-equity firm Sycamore Partners in a deal estimated at $600 million in cash, which represents about30% premium over Wednesday’s closing price of the stock.

Semtech Corporation (NASDAQ: SMTC) rallied about 7% in early [...]

Smithfield’s Q3 Results Beat Street’s Estimates (SFD)

Warren Paige — Thu, 07 Mar 2013 17:46:54 +0000

World’s largest pork producer, Smithfield Foods Inc. (NYSE: SFD) reported on Thursday that fiscal third-quarter income rose 3% as bottom line was boosted by strong sale growth in its packaged foods business.

The Smithfield, Virginia-based Company, whose packaged foods business generates roughly half of the entire top line, said robust demand from international markets [...]

Smithfield’s Foods Net Profit Fall 91% Due to Charge (SFD)

Warren Paige — Thu, 06 Dec 2012 17:39:28 +0000

Shares of America’s largest producer of pork , Smithfield’s Foods Inc. (NYSE: SFD) edged up on Thursday after the company , announced better-than-expected fiscal second quarter earnings, thanks to rising margins and strong growth in volume.

Shares gained almost 2.5 percent in premarket trading.

The company also said that it expects strong growth in [...]

Smithfield Foods Reports Q1 Results (SFD)

Warren Paige — Wed, 05 Sep 2012 07:57:36 +0000

Pork producer, Smithfield Foods Inc. (NYSE: SFD) reported on Tuesday that its fiscal first-quarter earnings fell by 25% as the company witnessed marked weakness in its fresh pork business while higher costs also weighed on margins.

Smithfield, which owns popular brands such as John Morrell, Armour and Farmland, saw its revenue growing strongly in [...]