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Pilgrim’s Pride Logs Lower Profit, Higher Revenue

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Pilgrim’s Pride PPC 6.26%increase; green up pointing triangle reported a lower profit but higher revenue in the first quarter, citing resilient chicken demand.

The chicken and pork manufacturer Wednesday logged a profit of $101.4 million, or 43 cents a share. That compares with a profit of $296 million, or $1.24 a share, a year earlier.

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