Smithfield Foods rises after quarterly sales and profit beat estimates

Shares of Smithfield Foods SFD.O up ~4% at $24.33 premarket

Co beats analysts' estimates for fourth-quarter sales and profit helped by resilient demand for packaged meats and cost-saving efforts

Posts 7% year-on-year rise in Q4 sales at $4.23 billion, beating estimates of $4.14 billion - data compiled by LSEG

Reports Q4 adjusted profit from continuing operations of 83 cents per share, compared with analysts' expectations of 68 cents per share

Expects total annual sales to be up by low-single-digits, compared with analysts' estimates of 1.26% growth

As of last close, stock up 5% YTD