Pilgrim's Pride (PPC) reported fiscal Q1 adjusted earnings on Wednesday of $1.31 per diluted share, compared with $0.77 a year earlier.

Analysts polled by FactSet expected $1.34.

Revenue for the quarter ended March 31 was $4.46 billion, compared with $4.36 billion a year earlier.

Four analysts surveyed by FactSet expected $4.45 billion.

Shares of the processed foods company were 8% lower in Wednesday's after-hours activity.