Sanderson Farms: Fiscal 4Q Earnings Snapshot
LAUREL, Miss. (AP) _ Sanderson Farms Inc. (SAFM) on Thursday reported a fiscal fourth-quarter loss of $43.2 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Laurel, Mississippi-based company said it had a loss of $1.95. Losses, adjusted for non-recurring costs, came to $1.63 per share.
The poultry producer posted revenue of $798.1 million in the period.
For the year, the company reported profit of $61.4 million, or $2.70 per share. Revenue was reported as $3.24 billion.
Sanderson Farms shares have decreased 31 percent since the beginning of the year. The stock has dropped 33 percent in the last 12 months.