Sanderson Farms: Fiscal 4Q Earnings Snapshot

December 20, 2018

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.


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

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