Sanderson Farms Inc. (NASDAQ: SAFM) reported sharp jump in fiscal third quarter earnings. The poultry producer’s bottom line was bolstered by higher prices of chicken products. In the latest period, overall poultry prices increased 12% while prices of boneless chicken breasts soared 32% from the year-earlier quarter. The earnings stood at $67.9 million or $2.95 a share compared to a profit of $28.7 million or $1.25 a share, in the same quarter of last year. Sales jumped 18% to $739 million. Both earnings and revenue best Street’s expectations. Analysts expected earnings of $2.62 a share on revenue of $722 million.
Tag: SAFM
Sanderson’s Q4 Results Beat Street’s Estimates (SAFM)
Shares of America’s largest chicken producer, Sanderson Farms Inc. (NASDAQ: SAFM) edged up on Tuesday after the company reported better-than-expected fiscal fourth quarter earnings thanks to a double digit revenue growth and better prices fetched offsetting partially higher feed grain costs during the quarter.
Continue reading Sanderson’s Q4 Results Beat Street’s Estimates (SAFM)
Major Movers on December 18; ARB, CSE, SLGN, FDS, SAFM
Shares of Arbitron Inc. (NYSE: ARB), a media and marketing information services firm primarily serving radio, advertisers, advertising agencies, cable and broadcast television, retailers, out-of-home media, online media, mobile media, telecommunications providers and print media, are seeing a huge rally in trading today.
Continue reading Major Movers on December 18; ARB, CSE, SLGN, FDS, SAFM