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UPDATE: Sanderson Farms Posts Higher Q3 Profit

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Sanderson Farms (NASDAQ: SAFM) reported a rise in its third-quarter profit.

Sanderson's quarterly profit surged to $67.9 million, or $2.95 per share, from $28.7 million, or $1.25 per share, in the year-ago period.

Its revenue rose 18% to $739 million. However, analysts were expecting earnings of $2.62 per share on revenue of $722 million.

Sanderson shares closed at $69.79 yesterday.

Posted-In: profitEarnings News

 

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