Sanderson Farms Q2 Profit Rises - Quick Facts

(RTTNews) - Poultry processor Sanderson Farms, Inc. (SAFM) posted higher second-quarter net income of $71.2 million, or $3.13 per share, compared to $51.0 million, or $2.21 per share, last year. On average, 8 analysts polled by Thomson Reuters expected the company to report earnings of $3.32 per share for the quarter. Analysts' estimates typically exclude one-time items.

Net sales for the latest second quarter were $716.59 million, up from $660.72 million in the comparable quarter, a year ago. Wall Street expected revenues of $727.26 million for the quarter.

According to Joe Sanderson, chairman and chief executive, market prices for poultry products were mixed during the second quarter compared with the same period last year.