Smithfield Foods (NASDAQ:SFD) reported quarterly earnings of $0.62 per share which beat the analyst consensus estimate of $0.60 by 3.33 percent. This is a 12.73 percent increase over earnings of $0.55 per share from the same period last year. The company reported quarterly sales of $3.700 billion which beat the analyst consensus estimate of $3.683 billion by 0.46 percent. This is a 2.27 percent decrease over sales of $3.786 billion the same period last year.