GREELEY, Colo. (AP) _ Pilgrim's Pride Corp. (PPC) on Wednesday reported a second-quarter loss of $6 million, after reporting a profit in the same period a year earlier.
The Greeley, Colorado-based company said it had a loss of 2 cents per share. Earnings, adjusted for non-recurring costs, were less than 1 cent on a per-share basis.
The poultry producer posted revenue of $2.82 billion in the period.
Pilgrim's Pride shares have decreased 50% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16.21, a decline of 40% in the last 12 months.