Pilgrim's Pride Q3 Profit Surges

(RTTNews) - Pilgrim's Pride Corp. (PPC) posted third-quarter net income attributable to the company of $160.9 million, or $0.62 per share, compared to $42.9 million, or $0.17 per share in the prior-year quarter.

On average, 5 analysts polled by Thomson Reuters expected the company to report earnings of $0.58 per share for the quarter. Analysts' estimates typically exclude one-time items.

Net sales for the current third quarter rose to $2.14 billion from $2.07 billion in the comparable quarter last year, while four analysts estimated revenues of $2.22 billion for the quarter.