UPDATE: Sanderson Farms Posts Upbeat Q3 Results

Sanderson Farms

reported better-than-expected third-quarter results. Sanderson posted a quarterly profit of $28.7 million, or $1.25 per share, versus a year-ago loss of $55.7 million, or $2.51 per share. Its sales climbed 22% to $624.9 million. However, analysts were expecting earnings of $1.20 per share on revenue of $620.0 million. Sanderson shares fell 1% to close at $40.59 yesterday.