05:58 PM EDT, 05/01/2024 (MT Newswires) -- Pilgrim's Pride (PPC) reported Q1 adjusted earnings late Wednesday of $0.77 per diluted share, up from $0.08 a year earlier.

Analysts polled by Capital IQ expected $0.63.

Net sales for the quarter ended March 31 were $4.36 billion, up from $4.17 billion a year earlier. Analysts surveyed by Capital IQ expected $4.43 billion.

Company shares were down 4% in after-hours activity.

Price: 33.89, Change: -1.50, Percent Change: -4.24