Sanderson Farms, Inc. (SAFM) reported third-quarter net income of $43.05 million or $2.09 per share, compared to net loss of $3.65 million or $0.18 per share last year.
On average, eight analysts polled by Thomson Reuters expected the company to report earnings of $1.76 per share. Analysts' estimates typically exclude special items.
Net sales grew to $504.85 million from $466.92 million in the prior year quarter. Seven analysts estimated revenues of $475.68 million.
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