Pilgrim’s Pride: 2Q Earnings Snapshot
GREELEY, Colo. (AP) _ Pilgrim’s Pride Corp. (PPC) on Wednesday reported second-quarter earnings of $106.5 million.
On a per-share basis, the Greeley, Colorado-based company said it had net income of 43 cents. Earnings, adjusted for non-recurring costs and to extinguish debt, were 53 cents per share.
The poultry producer posted revenue of $2.84 billion in the period.
Pilgrim’s Pride shares have fallen 43 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $17.64, a decline of 27 percent in the last 12 months.