Sanderson Farms (SAFM) PT Lowered to $101 at Mizuho Securities
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Sanderson Farms, Inc. Reports Results for Third Quarter of Fiscal 2018
August 23, 2018 7:35 AM EDTLAUREL, Miss.--(BUSINESS WIRE)-- Sanderson Farms, Inc. (NASDAQ: SAFM) today reported results for the third fiscal quarter and nine months ended July 31, 2018.
Net sales for the third quarter of fiscal 2018 were $852.4 million compared with $931.9 million for the same period a year ago. For the quarter, the Company reported net income of $11.5 million, or $0.50 per share, compared with net income of $115.8 million, or $5.09 per share, for the third quarter of fiscal 2017.
Net sales for the first nine months of fiscal 2018 were $2,437.9 million compared with $2,422.3 million for the first nine months of... More
