FX.co ★ Pilgrim's Pride Q4 Results Top Estimates

Pilgrim's Pride Corp., a poultry producer, declared their financial results for the fourth quarter of this fiscal year. The reported net income attributable to the company was $134.65 million, or $0.57 per share. This was in stark contrast to last year's fourth quarter, where there was a net loss of $154.98 million, or $0.66 per share.

The adjusted net income for this quarter, after excluding certain items, was $0.59 per share. This was noticeably higher than the adjusted net loss of $0.49 per share in the same quarter of the previous year.

The company's financial performance exceeded the predictions of five analysts consulted by Thomson Reuters. They predicted earnings of $0.40 per share for this quarter, typically excluding exceptional items from their forecasts.

The company's net sales saw a growth of 9.7%, rising to $4.53 billion from $4.13 billion in the same quarter in the previous year. This also surpassed the projected net sales of $4.48 billion for the quarter.