Pilgrims Pride Corp reports results for the quarter ended September 30 - Earnings Summary

Pilgrims Pride Corp reported Q3 adjusted earnings of $1.52 per share, down from $1.63 a year ago, but above analysts' expectations of $1.40. Revenue increased 3.8% to $4.76 billion, surpassing the forecast of $4.70 billion. The company’s net income was $342.81 million. Shares fell 6.7% this quarter, with a current average analyst rating of "hold". The median 12-month price target is $47.00, 18.9% above the last closing price of $38.12.