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UPDATE: Pilgrim's Pride Posts Q4 Profit

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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

 

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