Greeley-based Pilgrim’s Pride’s 3Q profits slide

GREELEY – Chicken processing giant Pilgrim’s Pride Corp. (Nasdaq: PPC) saw third-quarter earnings per share slide 26.4 percent versus the same period a year ago.

Greeley-based Pilgrim’s Pride posted its third-quarter earnings report for the period ending Sept. 25 on Wednesday afternoon.

The company reported third-quarter net income of $98.7 million, or 39 cents per diluted share. But that was down from $137.1 million, or 53 cents per share for the third quarter of last year.

Revenue, meanwhile, dipped 3.8 percent, from $2.11 billion last year to $2.03 billion this year.

The earnings report came after markets closed Wednesday. Pilgrim’s stock had closed at $20.67, down 24 cents from the previous day.


Start a discussion in the form below.

To participate in commenting, you must enable JavaScript.