Industrias Bachoco posts 4Q profit
Industrias Bachoco posts profit of $47.3 million in fourth quarter
CELAYA, Mexico (AP) _ Industrias Bachoco SAB de CV (IBA) on Thursday reported fourth-quarter earnings of $47.3 million.
On a per-share basis, the Celaya, Mexico-based company said it had net income of 95 cents.
The poultry producer posted revenue of $688.3 million in the period.
For the year, the company reported profit of $310.1 million, or $3.84 per share. Revenue was reported as $2.52 billion.
Industrias Bachoco shares have declined roughly 4 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $47.16, a climb of 12 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IBA at https://www.zacks.com/ap/IBA
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Keywords: Industrias Bachoco, Earnings Report