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Industrias Bachoco posts 1Q profit

CELAYA, Mexico (AP) _ Industrias Bachoco SAB de CV (IBA) on Thursday reported first-quarter profit of $34.9 million.

On a per-share basis, the Celaya, Mexico-based company said it had net income of 70 cents.

The poultry producer posted revenue of $730.6 million in the period.

Industrias Bachoco shares have climbed 7 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $52.57, a rise of roughly 6 percent in the last 12 months.


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


Keywords: Industrias Bachoco, Earnings Report