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Pilgrim's Pride Corporation Q1 adjusted earnings Inline With Estimates

Pilgrim's Pride Corporation (PPC) announced a profit for its first quarter that rose from the same period last year.

The company's profit came in at $119.42 million, or $0.48 per share. This compares with $93.92 million, or $0.38 per share, in last year's first quarter.

Analysts had expected the company to earn $0.53 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.9% to $2.75 billion from $2.48 billion last year.

Pilgrim's Pride Corporation earnings at a glance:

-EPS (Q1): $0.53 vs. $0.38 last year.
-Analysts Estimate: $0.53
-Revenue (Q1): $2.75 Bln vs. $2.48 Bln last year.

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