Shares of meat and poultry company Pilgrim's Pride Corp. (PPC) were down 3.2% on Wednesday's extended trading perhaps after a decline in fourth-quarter sales. Earnings, however, came in higher than last year's.
For the fourth quarter, net sales declined 3.5% to $4.37 billion from $4.53 billion a year ago.
The company, however recorded a rise in earnings to $235.85 million or $0.99 per share, higher than $134.65 million or $0.57 per share recorded in the previous-year quarter.
Adjusted income was $321.75 million or $1.35 per share for the period, compared to $139.30 million or $0.59 per share in the same quarter last year.
Wednesday after market hours, the stock was trading at $48.72, down 3% on the NYSE.
For comments and feedback contact: editorial@rttnews.com
Business News
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.