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Industrias Bachoco: 4Q Earnings Snapshot

CELAYA, Mexico (AP) _ Industrias Bachoco SAB de CV (IBA) on Wednesday reported fourth-quarter net income of $40.4 million.

The Celaya, Mexico-based company said it had profit of 81 cents per share.

The poultry producer posted revenue of $784 million in the period.

For the year, the company reported profit of $274.2 million, or $3.49 per share. Revenue was reported as $3.1 billion.

Industrias Bachoco shares have risen 16 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $45.75, a decrease of 27 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