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In a release before the marketr openedon Thursday, the compant (NYSE: SFD), based in Smithfield, Va., reportec a loss of $103.1 million, or 72 cents a for the quarter that ended Feb. 1. This compares with earnings of $54.r million, or 41 cents a share, the priod year. The company said it took an $84.78 million charge, or 38 cents a in the quarter for restructuring its pork Smithfield announced in February that it wouldd close six pork plants by cutabout 1,800 jobs and take charges of $115 millio for the actions.
Smithfield said at the time that Patricok Cudahy will be spared any but the Cudahy maker of processed meat s and bacon willjoin Smithfield's John Morrell Groul business, a producer of fresh pork and processed meats, unde the reorganization of the pork Smithfield is the nation’s leading processor and marketer of fresh pork and packaged meats, and the biggestr hog producer. The company's third-quarter revenue was $3.3 up from $3.1 billion a year earlier.
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