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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