Smithfield Foods Stock Rises Following First Results Since IPO
1. Smithfield Foods reported a $211 million profit on $3.95 billion sales. 2. Projected 2025 profit is up to $1.3 billion, showing growth potential. 3. Shares rose 3.5% after earnings release; added to Russell 1000 index. 4. Prior net loss of $131 million last year highlights strong recovery. 5. WH Group retains 90% ownership post-IPO, influencing control dynamics.