UPDATE: Sanderson Farms Posts Q1 Loss

Sanderson Farms

reported a narrower first-quarter loss. Sanderson posted a quarterly loss of $6.9 million, or $0.31 per share, versus a year-ago loss of $8 million, or $0.36 per share. Its revenue rose 15% to $595.8 million. However, analysts were expecting breakeven per-share earnings and revenue of $559.3 million. Its costs and expenses climbed 15% to $605.4 million. Sanderson shares closed at $52.02 yesterday.