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Sanderson Farms Inc Q2 Profit Falls

Sanderson Farms Inc (SAFM) released earnings for second quarter that decreased from last year.

The company's earnings came in at $41.95 million, or $1.84 per share. This compares with $67.02 million, or $2.95 per share, in last year's second quarter.

Analysts had expected the company to earn $2.2 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.4% to $813.47 million from $802.04 million last year.

Sanderson Farms Inc earnings at a glance:

-Earnings (Q2): $41.95 Mln. vs. $67.02 Mln. last year.
-EPS (Q2): $1.84 vs. $2.95 last year.
-Analysts Estimate: $2.2
-Revenue (Q2): $813.47 Mln vs. $802.04 Mln last year.

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