MERRIAM, Kan. (AP) _ Seaboard Corp. (SEB) on Tuesday reported first-quarter net income of $179 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Merriam, Kansas-based company said it had profit of $154.03.
The pork production, processing and ocean transportation company posted revenue of $2.06 billion in the period.
Seaboard shares have risen 23% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $3,722.81, a climb of 28% in the last 12 months.
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