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Pilgrim's Pride Corporation Q2 adjusted earnings Miss Estimates

Pilgrim's Pride Corporation (PPC) announced a profit for second quarter that dropped from last year.

The company's profit came in at $106.54 million, or $0.43 per share. This compares with $233.64 million, or $0.94 per share, in last year's second quarter.

Analysts had expected the company to earn $0.63 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.3% to $2.84 billion from $2.75 billion last year.

Pilgrim's Pride Corporation earnings at a glance:

-EPS (Q2): $0.53 vs. $0.92 last year.
-Analysts Estimate: $0.63
-Revenue (Q2): $2.84 Bln vs. $2.75 Bln last year.

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