Smithfield Foods raises its operating profit outlook after churning up solid Q2 results

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Smithfield Foods (NASDAQ:SFD) fell in early trading on Tuesday after reporting second quarter results.

Revenue was up 11% on a year-over-year comparison to $3.8 billion for the quarter that ended on June 29. Sales were higher across the Packaged Meats (+6.9%), Fresh Pork (+5.0%), and Hog Production (+8.4%) segments.

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