WH GROUP's stock price plummeted 5.02% during intraday trading on Thursday, extending a decline from the previous session.
The sharp drop followed the company's first-quarter earnings release, where management downgraded its full-year average hog price forecast. While WH GROUP reported revenue growth of 6.7% year-over-year and net profit growth of 8.8%, concerns over future margin sustainability emerged as China's Q1 average hog price declined 22.8% year-over-year.
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