Sanderson Farms (SAFM) Tops Q1 Revenue Tops Views
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Sanderson Farms, Inc. Reports Results for First Quarter of Fiscal 2018
February 21, 2018 5:00 PM ESTLAUREL, Miss.--(BUSINESS WIRE)-- Sanderson Farms, Inc. (NASDAQ: SAFM) today reported results for the first quarter of fiscal 2018.
Net sales for the first quarter of fiscal 2018 were $771.9 million compared with $688.3 million for the same period a year ago. The Company reported net income of $51.2 million, or $2.24 per share, for the quarter compared with net income of $24.0 million, or $1.06 per share, for the first quarter of fiscal 2017.
As a result of the Companys adoption of Accounting Standards Update 2016-09, Improvements to Employee Share-Based Payment Accounting, during the third quarter of fiscal... More
