Banking giant Credit Suisse First Boston (CSFB) today [Friday] lowered its earnings estimates for pork processor Smithfield Foods, explaining that there are continued fundamental weakness in the meat market. Analyst David C. Nelson told Dow Jones that he is now expecting current fiscal Q4 earnings of 20 cents a diluted share, rather than 35 cents.
USA: CSFB cuts Smithfield's EPS view for the Q4, FY
Get full access to all content, just $1 for 30 days
just-food gives you the widest food market coverage.
But only paid just-food members have full, unlimited access to all our exclusive content - including 21 years of archives.
Try just-food for 30 days and get the research report; ‘Is sugar the next tobacco’ for free!
Dean Best, editor of just-food
Do you get our newsletters? If yes, log in to your account to access your FREE READS. Don't know your password? That's cool - you can reset it here.
Most Popular
Insights
- Plant-based meat's Asia optimism
- Hatching new ideas – incubators, accelerators
- Nurturing China's growing interest in cheese
- How might Covid impact food company strategy?
- Livekindly CEO on meat-free firm's ambitions
News
- UK reveals latest figures for food exports to EU
- Conagra sees structural shift to eating at home
- Germany changes rules on advertising food to kids
- Sweet Harvest Foods has new private-equity owner
- US snacks maker Hippeas installs new CEO
Market research
Oops! This article is copy protected.
Why can’t I copy the text on this page?
The ability to copy articles is specially reserved for people who are part of a group membership.
How do I become a group member?
To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..
