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UPDATE: Sanderson Farms Posts FQ4 Profit

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Sanderson Farms (NASDAQ: SAFM) posted a profit in the fiscal fourth quarter.

Sanderson Farms posted a quarterly profit of $9.3 million, or $0.41 per share, versus a year-ago loss of $21.6 million, or $0.97 per share.

Its sales surged 16% to $648.4 million. However, analysts were expecting earnings of $0.32 per share on revenue of $636 million.

Sanderson Farms shares closed at $49.77 yesterday.

Posted-In: profitEarnings News

 

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