Pilgrim's Pride Q4 Profit Increases - Quick Facts

(RTTNews) - Pilgrim's Pride Corp. (PPC) reported fourth quarter 2014 net income attributable to the company of $167.2 million or $0.64 per share, up from $143.4 million or $0.55 per share in the same period in 2013.

The latest-quarter result reflected $48 million adjustment due to the early retirement of the 2018 notes and a non-cash foreign exchange loss due to the Peso devaluation.

Adjusted earnings per share reached $0.83 in the fourth quarter of 2014 compared to $0.55 in the same period last year.

Net sales for the quarter grew to $2.11 billion from $2.05 billion in the prior year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.79 per share and revenues of $2.21 billion for the quarter. Analysts' estimates typically exclude special items.