Market Overview

UPDATE: Pilgrim's Pride Posts Q4 Profit

Related PPC
IPO Outlook: Is The Market Hungry For Chicken Processor Wayne Farms?
The Most Shorted Stocks In The Main U.S. Exchanges
Diageo to Boost North America with Management Reshuffle - Analyst Blog (Zacks)

Pilgrim's Pride (NYSE: PPC) posted a profit in the fourth quarter.

Pilgrim's Pride posted a quarterly profit of $22.8 million, or $0.09 per share, versus a year-ago loss of $85.4 million, or $0.40 per share.

Its sales climbed 20% to $2.19 billion. However, analysts were expecting a loss of $0.07 per share on revenue of $1.95 billion.

Its gross margin rose to 3.4% from 1.1%.

Pilgrim's Pride shares closed at $9.11 yesterday.

Posted-In: profitEarnings News


Related Articles (PPC)

Around the Web, We're Loving...

Get Benzinga's Newsletters