Sanderson Farms misses 3Q net income and revenue expectations

MarketsAssociated Press

Sanderson Farms Inc. (SAFM) on Tuesday reported fiscal third-quarter profit of $76.1 million.

The Laurel, Mississippi-based company said it had profit of $3.30 per share.

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The results fell short of Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $3.77 per share.

The company posted revenue of $768.4 million in the period, also falling short of Street forecasts. Analysts expected $778.7 million, according to Zacks.

Sanderson Farms shares have climbed 32 percent since the beginning of the year. The stock has risen 33 percent in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. A stock research report on SAFM from Zacks is available at:


Keywords:Sanderson Farms,Earnings Report