Pilgrim’s Pride beats earning expectations by $40M
GREELEY — Chicken producer Pilgrim’s Pride Inc. (Nasdaq: PPC) saw modest gains in sales in the past quarter, telling stock analysts that it was confident in the future of chicken demand.
In its Q3 filings released Thursday morning, the Greeley company said it posted $2.78 billion in sales for the quarter and 44 cents of earnings per share, beating Wall Street consensus estimates by $40 million and 5 cents per share respectively. It posted a $112 million profit, compared with $52 million in the same quarter during 2018.
Sales increased 3 percent year-over-year for the company,…
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