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Pilgrim's Pride Q2 Profit Rises

Pilgrim's Pride Corp. (PPC) reported that its second-quarter net income attributable to the company rose to $170.07 million or $0.68 per share from $106.54 million or $0.43 per share in the prior year.

Adjusted earnings per share was $0.69 compared to $0.45 in the prior year.

Net sales were $2.843 billion, compared to $2.837 billion last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.62 per share and revenues of $2.88 billion. Analysts' estimates typically exclude special items.

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