Pilgrim's Pride Corporation (PPC) has reported a significant increase in earnings for the second quarter, surpassing analyst expectations.
The company posted earnings of $326.30 million, translating to $1.37 per share. This marks a substantial rise from last year's second-quarter figures of $60.46 million, or $0.25 per share.
Analysts, on average, had anticipated earnings of $1.30 per share, based on data from Thomson Reuters. It is noteworthy that these estimates typically exclude special items.
Revenue for the quarter also saw an uptick, growing by 5.8% to $4.559 billion, compared to $4.308 billion in the same period last year.
### Summary of Pilgrim's Pride Corporation Q2 Financials (GAAP):
- **Earnings (Q2):** $326.30 million vs. $60.46 million last year
- **EPS (Q2):** $1.37 vs. $0.25 last year
- **Revenue (Q2):** $4.559 billion vs. $4.308 billion last year
