Meat Industry INSIGHTS Newsletter

970714 Hudson Foods Sees Third Quarter Loss from Charge

July 12, 1997 -- Hudson Foods Inc said it expects a charge of $0.66 per share for the reorganization of the company's International Division to cause a net loss of $0.48 to $0.50 per share for the 3rd quarter.

In addition, the company expects 9 month earnings per share before inclusion of the charge of $0.68 to $0.70 per share and a profit of $0.02 to $0.04 per share after the charge.

The company concluded in a statement that it anticipates that it will not meet analysts' expectations before inclusion of the third quarter charge due to lower than expected market prices for its chicken products.

The First Call consensus estimate for the third quarter was $0.23 per share.

Hudson Foods is an integrated producer and marketer of poultry products, luncheon meats and egg products.

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