Sanderson Farms (SAFM) Tops Q1 EPS by 73c
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Sanderson Farms, Inc. Reports Results for First Quarter of Fiscal 2019
February 26, 2019 7:30 AM ESTLAUREL, Miss.--(BUSINESS WIRE)-- Sanderson Farms, Inc. (NASDAQ: SAFM) today reported results for the first quarter of fiscal 2019.
Net sales for the first quarter of fiscal 2019 were $743.4 million compared with $771.9 million for the same period a year ago. The Company reported a net loss of $17.8 million, or $0.82 per share, for the quarter compared with net income of $51.2 million, or $2.24 per share, for the first quarter of fiscal 2018.
Net income for last years first fiscal quarter reflected a one-time non-cash tax benefit of $37.5 million from an adjustment to the Companys... More
