Pilgrim's Pride Corporation Q4 Income Drops 70%

(RTTNews) - Pilgrim's Pride Corporation (PPC) released a profit for fourth quarter that retreated compared to the same period last year.

The company said its bottom line fell to $65.28 million, or $0.26 per share. This was down from $215.51 million, or $0.83 per share, in last year's fourth quarter.

The company said revenue for the quarter fell 7.1% to $1.96 billion. This was down from $2.11 billion last year.

Pilgrim's Pride Corporation earnings at a glance:

-Earnings (Q4): $65.28 Mln. vs. $215.51 Mln. last year. -Earnings Decline (Y-o-Y): -69.7% -EPS (Q4): $0.26 vs. $0.83 last year. -EPS Decline (Y-o-Y): -68.7% -Revenue (Q4): $1.96 Bln vs. $2.11 Bln last year. -Revenue Change (Y-o-Y): -7.1%