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Suiza was dragged down by losses of its packaging

2022-05-25

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Suiza was dragged down by the losses of its packaging company

Suiza foods Corp. (us-sza), the largest dairy producer in the United States, announced on Wednesday (7th) that its net profit fell in the third quarter due to the losses of its packaging company

the company pointed out that its net profit in the third quarter fell to US $29.4 million or US $1.01 per share from US $31.2 million or US $1.01 per share in the same period of the previous year. The torsion bar spring fatigue testing machine also played a very important role in the process of maintaining a higher elastic modulus in the production of all torsion bars. It was 5 cents, lower than the average forecast of 98 cents per share by market analysts. The revenue increased to $1.56 billion from $1.44 billion in the same period last year

a week ago, market analysts lowered the company's third quarter profit forecast to 98 cents a share from $1.10 a share. Suiza pointed out that if some special expenses are not included, the company's profit in the third quarter is in line with market expectations

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