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UPDATE: Sanderson Farms Posts Downbeat FQ4 Earnings

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Sanderson Farms (NASDAQ: SAFM) reported a rise in its fiscal fourth-quarter earnings.

Sanderson's quarterly profit surged to $45.3 million, or $1.97 per share, from a year-ago profit of $9.3 million, or $0.41 per share.

Its revenue climbed 12% to $727.1 million. However, analysts were expecting earnings of $2.22 per share on revenue of $718 million.

Sanderson's operating margin widened to 9.9% from 2.4%.

Sanderson shares closed at $70.75 yesterday.

Posted-In: profitEarnings News

 

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