{"id":30233,"date":"2012-09-05T16:28:59","date_gmt":"2012-09-05T20:28:59","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=30233"},"modified":"2012-09-05T16:28:59","modified_gmt":"2012-09-05T20:28:59","slug":"video-smithfield-foods-misses-earnings-estimates-on-lower-meat-sales","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/09\/05\/video-smithfield-foods-misses-earnings-estimates-on-lower-meat-sales\/","title":{"rendered":"VIDEO: Smithfield Foods Misses Earnings Estimates on Lower Meat Sales"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><object id=\"GrabPlayer1767162\" width=\"542\" height=\"304\" type=\"application\/x-shockwave-flash\" align=\"middle\" data=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=ve2634927150c3f009e54c60f1e4644858f691ad8&#038;tgt=grabnetworks\"><param name=\"quality\" value=\"high\"\/><param name=\"allowScriptAccess\" value=\"always\"\/><param name=\"allowFullScreen\" value=\"true\"\/><param name=\"menu\" value=\"false\"\/><param name=\"wmode\" value=\"transparent\"\/><param name=\"movie\" value=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=ve2634927150c3f009e54c60f1e4644858f691ad8&#038;tgt=grabnetworks\"\/><\/object><\/p>\n<div id=\"overlay-adzone\" style=\"overflow:hidden; position:relative\"><\/div>\n<\/div>\n<p>Smithfield Foods (NYSE:SFD) stock is popular in Tuesday&#8217;s trading after it posted first quarter profits that missed Wall Street&#8217;s estimates. The packaged food company posted EPS of 40 cents per share, lower than the 44 cents analysts were expecting. Revenue for the quarter came in at $3.09 billion, also below estimates of $3.15 billion. The company said the weak earnings was due to lower sales in its meat products which drives much of the company&#8217;s growth. The lower sales could be due to the higher prices of meat which was caused by higher crop costs due to the severe drought.<\/p>\n<p><img src='http:\/\/images.grab-media.com\/financial_news_network\/2012\/09\/05\/1_4unhjdqw_thumb.jpg' \/><\/p>\n<p><!--post_img[http:\/\/images.grab-media.com\/financial_news_network\/2012\/09\/05\/1_4unhjdqw_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Smithfield Foods (NYSE:SFD) stock is popular in Tuesday&#8217;s trading after it posted first quarter profits that missed Wall Street&#8217;s estimates. The packaged food company posted EPS of 40 cents per share, lower than the 44 cents analysts were expecting. Revenue for the quarter came in at $3.09 billion, also below estimates of $3.15 billion. The &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/09\/05\/video-smithfield-foods-misses-earnings-estimates-on-lower-meat-sales\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;VIDEO: Smithfield Foods Misses Earnings Estimates on Lower Meat Sales&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-30233","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/30233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=30233"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/30233\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=30233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=30233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=30233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}