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Lower margins lead to lower income for Smithfield Foods
date:Jun 15, 2012
lion, down 26 percent from $224.4 million during fiscal 2011. The segment had sales of $3,052.6 million, up 13 percent from $2,705.1 million.

For the fourth quarter ended April 29 the company as a whole had income of $79.5 million, or 50 cents per share, down 19 percent from $98.4 million, or 59 cents per share, during the same quarter of the previous year. Sales for the quarter were $3,209.2 million, up 3 percent from $3,116.4 million during the same quarter of the previous year.

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