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Sanderson Farms Inc Profit Declines In Q3

Sanderson Farms Inc (SAFM) announced earnings for third quarter that dropped from last year.

The company's profit came in at $11.48 million, or $0.50 per share. This compares with $115.83 million, or $5.09 per share, in last year's third quarter.

Analysts had expected the company to earn $1.36 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 8.5% to $852.43 million from $931.90 million last year.

Sanderson Farms Inc earnings at a glance:

-Earnings (Q3): $11.48 Mln. vs. $115.83 Mln. last year.
-EPS (Q3): $0.50 vs. $5.09 last year.
-Analysts Estimate: $1.36
-Revenue (Q3): $852.43 Mln vs. $931.90 Mln last year.

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