Pilgrim's Pride Corporation (PPC) reported earnings for its third quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $350 million, or $1.47 per share. This compares with $121.3 million, or $0.51 per share, in last year's third quarter.
Excluding items, Pilgrim's Pride Corporation reported adjusted earnings of $387 million or $1.63 per share for the period.
Analysts on average had expected the company to earn $1.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 5.2% to $4.585 billion from $4.360 billion last year.
Pilgrim's Pride Corporation earnings at a glance (GAAP) :
-Earnings (Q3): $350 Mln. vs. $121.3 Mln. last year.-EPS (Q3): $1.47 vs. $0.51 last year.-Revenue (Q3): $4.585 Bln vs. $4.360 Bln last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.