Premium consumer goods company, Pilgrim's Pride Corporation PPC reported mixed second-quarter 2017 results.EarningsThe company’s quarterly earnings of 94 cents per share surpassed the Zacks Consensus Estimate of 85 cents. The bottom line also came in higher than the year-ago tally of 60 cents per share.RevenuesIn the reported quarter, Pilgrim's Pride generated net revenue of $2251.6 million, up 11% year over year. However, the top line fell short of the Zacks Consensus Estimate of $2,271 million.Revenues from the company's U.S. operations, which account for nearly 83.6% of the total revenue, climbed 12.2% year over year. Revenues from the Mexican business – 16.4% of the total revenue – were up 5.3% year over year.Pilgrim's Pride Corporation Price, Consensus and EPS Surprise Pilgrim's Pride Corporation Price, Consensus and EPS Surprise | Pilgrim's Pride Corporation QuoteCosts/MarginsPilgrim's Pride's cost of sales in the reported quarter increased 4.8% year over year to $1,826.2 million. Gross margin contracted 480 basis points (bps) year over year to 18.9%.Selling, general and administrative expenses advanced 24.5% year over year to $61.6 million. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) margin came in at 18.68%, expanding 473 bps year over year.Balance Sheet/Cash FlowPilgrim's Pride exited the quarter with cash and cash equivalents of approximately $303.9 million, up from $120.3 million at the end of 2016. Long-term debt (net of current portion) was $1,404.3 million, as against $1,011.9 million as of Dec 25, 2016.In the reported quarter, the company generated $316.1 million of cash from its operating activities, up 9.4% year over year. Capital spending totaled $174.2 million compared to $94 million incurred in the year-ago quarter.OutlookPilgrim's Pride is well poised to boost its near-term profitability on the back of a well-balanced product portfolio. This Zacks Rank #2 (Buy) company also believes that the advanced product offerings under the GNP Company’s brands would increase its market demand in the quarters ahead. Also, the capital investments programs are anticipated to generate benefits, moving ahead. Other Stocks to ConsiderSome other top-ranked stocks in the industry are listed below:Kellogg Company K has an average positive earnings surprise of 6.16% for the last four quarters and currently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Inter Parfums, Inc. IPAR holds a Zacks Rank #2 and has an average positive earnings surprise of 15.58% for the past four quarters.Energizer Holdings, Inc. ENR, which also carries a Zacks Rank #2 at present, generated an average positive earnings surprise of 21.55% over the trailing four quarters.More Stock News: Tech Opportunity Worth $386 Billion in 2017 From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future. Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Energizer Holdings, Inc. (ENR): Free Stock Analysis Report Inter Parfums, Inc. (IPAR): Free Stock Analysis Report Pilgrim's Pride Corporation (PPC): Free Stock Analysis Report Kellogg Company (K): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research