Sanderson Farms Swings To Q1 Profit - Quick Facts

(RTTNews) - Sanderson Farms, Inc. (SAFM) reported that its fourth-quarter net income was $28.87 million or $1.25 per share, compared to a net loss of $6.94 million or $0.31 per share in the prior-year quarter.

On average, seven analysts polled by Thomson Reuters expected the company to report earnings of $0.85 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter declined to $584.88 million up from $595.76 million in the same quarter last year. Five analysts had a consensus revenue estimate of $573.11 million for the quarter.

The company also announced that its board of directors have extended its up to 1.0 million stock repurchase program that was approved on February 16, 2012 to February 24, 2017.