WASHINGTON (dpa-AFX) - Pilgrim's Pride Corp. (PPC) Wednesday reported second-quarter net loss of $6.04 million or $0.02 per share, compared to last year's net income of $170.07 million or $0.68 per share last year.
Net sales for the quarter dropped 0.7% to $2.824 billion from $2.843 billion last year.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.09 per share and revenues of $2.95 billion. Analysts' estimates typically exclude special items.
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