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Earnings roundup: Smithfield Foods, Ciena



By AP
05 June 2008 @ 10:26 am EST

Among the earnings stories for Thursday, June 5, from AP Financial News:

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SMITHFIELD, Va. (AP)--Pork producer Smithfield Foods says fourth-quarter profits fell 94 percent, hurt by the rising cost of grain and falling prices for hogs.

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LINTHICUM, Md. (AP)--Communications-equipment maker Ciena Corp. said Thursday its second quarter profit jumped 83 percent, helped by big boosts in revenue for both products and services.

GREENWICH, Conn. (AP)--Blyth Inc., which makes candles and other household products, said Thursday that first-quarter earnings dropped as sales fell, prices for commodities grew and the company booked hefty one-time charges.

SAN FRANCISCO (AP)--Del Monte Foods Co. said Thursday its fiscal fourth-quarter profit rose 37 percent, boosted by strong sales in both its consumer products and pet divisions.

LOUISVILLE, Ky. (AP)--Liquor producer Brown-Forman Corp. said Thursday its fourth quarter profit jumped 48 percent on demand for the Jack Daniels and Finlandia brands, an acquisition and a lower tax rate.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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