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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. A stock research report on SAFM from Zacks is available at: http://www.zacks.com/ap/SAFM

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Keywords:Sanderson Farms,Earnings Report