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UPDATE: Sanderson Farms Posts Q1 Loss

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Sanderson Farms (NASDAQ: SAFM) 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.

Posted-In: lossEarnings News

 

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