Pilgrim’s Pride: 2Q Earnings Snapshot
Posted Jul 29, 2020 08:23:20 PM.
Last Updated Jul 29, 2020 08:24:09 PM.
This article is more than 5 years old.
GREELEY, Colo. (AP) _ Pilgrim’s Pride Corp. (PPC) on Wednesday reported a second-quarter loss of $6 million, after reporting a profit in the same period a year earlier.
The Greeley, Colorado-based company said it had a loss of 2 cents per share. Earnings, adjusted for non-recurring costs, were less than 1 cent on a per-share basis.
The poultry producer posted revenue of $2.82 billion in the period.
Pilgrim’s Pride shares have decreased 50% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16.21, a decline of 40% 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
The Associated Press
