Smithfield falls on weaker Q3 outlook
09/09/2026 11:37
BUZZ-Smithfield falls on weaker Q3 outlook ** Shares of pork producer Smithfield Foods SFD.O fall 3.5% to $21.3 premarket
** Co forecasts Q3 adjusted operating loss of $70 mln-$90 mln in its fresh pork segment, compared with a $10 mln profit a year earlier
** SFD sees Q3 adjusted operating income of $115 mln-$175 mln, below year-ago level of $310 mln
** "The change in our outlook is driven by external market conditions within portions of the pork value chain," said CEO Shane Smith
** Five of six brokerages rate the stock "buy" or higher, and one "hold"; their median PT is $28 - LSEG-compiled data
** As of last close, SFD stock up 0.5% YTD
(Reporting by Darshan Kumar in Bengaluru)