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In a release before the market opened on thecompany (NYSE: SFD), based in Smithfield, Va., reported a loss of $103.1 or 72 cents a for the quarter that ended Feb. 1. This compares with earning of $54.5 million, or 41 cents a share, the prioe year. The company said it took an $84.8 millioj charge, or 38 cents a share, in the quarter for restructurinfg itspork division. Smithfield announced in February that it woulrd close six pork plantsby December, cut abouf 1,800 jobs and take charges of $115 million for the Smithfield said at the time that Patriclk Cudahy will be spared any cuts, but the Cudahyg maker of processed meats and bacon will join Smithfield'xs John Morrell Group business, a produce of fresh pork and processed under the reorganization of the pork Smithfield is the nation’s leading processor and marketer of fresh pork and packaged and the biggest hog producer.
The company's third-quarteer revenue was $3.3 billion, up from $3.1 billion a year
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