| Footwear retailer Payless ShoeSource Inc. said Wednesday its second-quarter profit rose 63 percent on higher sales, but results missed Wall Street expectations, sending shares tumbling pre-market. Smithfield Foods profit drops 50 percent
U.S. meat company Smithfield Foods Inc. , on Wednesday said fiscal first-quarter earnings fell 50 percent from a year ago due to expenses related to the sale of a business, higher hog production costs, and losses on its cattle feeding investment. |
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