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Industrias Bachoco: 3Q Earnings Snapshot

CELAYA, Mexico (AP) _ Industrias Bachoco SAB de CV (IBA) on Wednesday reported third-quarter net income of $56.4 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Celaya, Mexico-based company said it had profit of $1.13.

The poultry producer posted revenue of $776.5 million in the period.

Industrias Bachoco shares have increased 34% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $52.87, a climb of 9% 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