Pilgrim's Pride 2Q loss widens on feed costs, other expenses

The poultry producer says it had a loss of $111.4 million, or $1.67 per share, compared with a loss of $40.1 million, or 60 cents per share a year earlier.

Thomson Financial says analysts expected a loss of 81 cents per share.

The company says results were hurt by restructuring charges and expenses for the closure of a processing plant and six distribution centers. Excluding those, the company lost $1.50 per share.

Rising feed costs have also cut into the results.

Pittsburg, Texas-based Pilgrim's Pride Corp. says revenue rose 6 percent to $2.1 billion from $1.99 billion.

Analysts predicted $2.09 billion.

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AP Business Writer Lauren Shepherd in New York