Stock Alert: Pilgrim's Pride Shares Up 6%

(RTTNews) - Shares of Pilgrim's Pride Corp. (PPC) are currently trading at $16.80, up $1.05 or 6.67% Thursday morning, with trading volume rising over 223K versus an average volume of 907K shares. The stock has been trading in the range of $14.06 - $33.67 for the past one year.

The company reported third-quarter net income of $33.4 million or $0.14 per share compared to $109.8 million or $0.44 per share last year.

However, on an adjusted basis, net income increased to $161.7 million or $0.66 per share from $112.1 million or $0.45 per share a year ago.

Net sales for the quarter rose to $3.08 billion from $2.78 billion generated in the prior year period.

Analysts polled by Thomson Reuters expected earnings of $0.37 per share on revenue of $3.01 billion for the quarter. Analysts' estimate typically exclude certain special items.