RICHMOND, Va. (AP) — Smithfield Foods Inc. said Thursday that its second-quarter net income fell on charges for early debt payoff, but its adjusted earnings beat Wall Street expectations as the world’s biggest pork producer saw gains in its packaged meats and international business.

The Smithfield, Va.-based company, whose brands include Armour, Farmland and its namesake, reported earnings of $10.9 million, or 7 cents per share, for the three months ended Oct. 28, down from $120.7 million, or 74 cents per share, a year ago.