Pilgrim's Pride Corporation Earnings Drop 39% In Q2

(RTTNews) - Pilgrim's Pride Corporation (PPC) revealed a profit for second quarter that dropped compared to the same period last year.

The company said its earnings came in at $148.14 million, or $0.58 per share. This was down from $243.62 million, or $0.94 per share, in last year's second quarter.

Analysts had expected the company to earn $0.64 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.0% to $2.03 billion. This was down from $2.05 billion last year.

Pilgrim's Pride Corporation earnings at a glance:

-Earnings (Q2): $148.14 Mln. vs. $243.62 Mln. last year. -Earnings Decline (Y-o-Y): -39.2% -EPS (Q2): $0.58 vs. $0.94 last year. -EPS Decline (Y-o-Y): -38.3% -Analysts Estimate: $0.64 -Revenue (Q2): $2.03 Bln vs. $2.05 Bln last year. -Revenue Change (Y-o-Y): -1.0%