Pilgrim's Pride: 4Q Earnings Snapshot

Associated Press
Updated ·1 min read

GREELEY, Colo. (AP) _ Pilgrim's Pride Corp. (PPC) on Thursday reported fourth-quarter net income of $92.1 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Greeley, Colorado-based company said it had profit of 37 cents. Earnings, adjusted for non-recurring gains, came to 14 cents per share.

The poultry producer posted revenue of $3.06 billion in the period.

For the year, the company reported profit of $455.9 million, or $1.83 per share. Revenue was reported as $11.41 billion.

Pilgrim's Pride shares have declined 22% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $25.40, a climb of 25% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PPC at https://www.zacks.com/ap/PPC