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Pilgrim's Pride

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Pilgrim's Pride Shares Soar 14% On Profit Beat

Pilgrim's Pride shares jumped 14% to $5.20 Friday morning after the chicken processor reported a larger third-quarter profit than analysts had forecast. Pilgrim's earned 17 cents a share, compared with the 7 cents analysts polled by FactSet had expected. The report helped ease some concern that high feed costs will eat into the company's margin. Pilgrim's shares still down 10% for the year.Copyright © 2012 MarketWatch, Inc....

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