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Earnings Roundup: Gildan Activewear, Smithfield

Among the earnings stories for Thursday, Dec. 10, from AP Financial News:

¿ Gildan Activewear said its profit nearly doubled in the fourth quarter even as sales fell and it took a big writedown in the value of inventory.

¿ Smithfield Foods Inc. lost money in the second quarter, as continued weak prices in its hog business offset better results in its packaged-meat business.

¿ Nutraceutical International Corp., a manufacturer and distributor of nutritional supplements and other natural products, said fiscal 2009 fourth-quarter profit doubled on a boost in sales and lower costs.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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