(Bloomberg) -- China’s WH Group Ltd. — one of the world’s biggest pork processors — said “difficult” conditions for its US business are hampering profits and...
-- China’s WH Group Ltd. — one of the world’s biggest pork processors — said “difficult” conditions for its US business are hampering profits and it expects the situation to last through the end of the year.The company on Tuesday reported a 30% drop in profit in the first nine months of the year to $585 million.
“We expect such unfavorable operating landscape overhang will continue during the remainder of 2023. As a result, the short-term financial performance of our Group will be under pressure,” the company said. 'Extremely bearish' chart formation signals the top 7 Big Tech stocks including Apple, Nvidia, and Tesla face elevated risk of a selloff
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