Tuesday, Sanderson Farms Inc. (SAFM) said its fourth-quarter net profit was $19.80 million or $0.96 per share compared with a loss of $51.92 million or $2.56 per share in the prior year period. On average, 7 analysts polled by Thomson Reuters expected the company to report earnings of $0.93 per share for the quarter.
Net sales for the quarter increased to $469.01 million from $460.22 million in the comparable period. Six analysts estimated revenues of $451.05 million for the quarter.
For comments and feedback: editorial@rttnews.com