Sanderson Farms (SAFM) Misses Q4 EPS by 60c

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Go back to Sanderson Farms (SAFM) Misses Q4 EPS by 60c

Sanderson Farms, Inc. Reports Results for Fourth Quarter and Fiscal 2018

December 20, 2018 7:30 AM EST

LAUREL, Miss.--(BUSINESS WIRE)-- Sanderson Farms, Inc. (NASDAQ: SAFM) today reported results for the fourth quarter and fiscal year ended October 31, 2018.

Net sales for the fourth quarter of fiscal 2018 were $798.1 million compared with $919.9 million for the same period a year ago. For the quarter, the Company reported a net loss of $43.2 million, or $1.95 per share, compared with net income of $72.9 million, or $3.20 per share, for the fourth quarter of fiscal 2017.

Net sales for fiscal 2018 were $3.236 billion compared with $3.342 billion for fiscal 2017. Net income for the fiscal year totaled $61.4 million, or $2.70... More