UPDATE: Sanderson Farms Posts FQ4 Profit
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.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.