Smithfield Foods (NASDAQ:SFD) reported quarterly earnings of $0.83 per share which beat the analyst consensus estimate of $0.68 by 22.96 percent. This is a 53.7 percent increase over earnings of $0.54 per share from the same period last year. The company reported quarterly sales of $4.227 billion which beat the analyst consensus estimate of $4.138 billion by 2.15 percent. This is a 6.99 percent increase over sales of $3.951 billion the same period last year.