(Reuters) - CHICAGO, July 31 - Top U.S. chicken producer Pilgrim's Pride Corp. on Tuesday reported a much larger-than-expected quarterly profit due to higher chicken prices and strong demand, sending its shares higher.
The company also raised its estimate of cost savings from its purchase in December of smaller rival Gold Kist Inc. to about $150 million by January 2008 from its previous forecast of $100 million.
Read more at Reuters.com Market News
The company also raised its estimate of cost savings from its purchase in December of smaller rival Gold Kist Inc. to about $150 million by January 2008 from its previous forecast of $100 million.
Read more at Reuters.com Market News
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