LAUREL, Miss. (AP) _ Sanderson Farms Inc. (SAFM) on Thursday reported fiscal third-quarter net income of $11.5 million.

The Laurel, Mississippi-based company said it had profit of 50 cents per share. Earnings, adjusted for stock option expense, were 58 cents per share.

The poultry producer posted revenue of $852.4 million in the period.

Sanderson Farms shares have dropped 23 percent since the beginning of the year. The stock has fallen 25 percent in the last 12 months.

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