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0.000736210216332515 -0.000877789104088805 -0.000792841771435127 0.0107883112470268 -0.0127987314531658 -0.0221712538226301 -0.017329255861366 -0.0205572545022086
Stock impact report

Sanderson Farms stock rises after sales beat [MarketWatch]

Sanderson Farms, Inc. (SAFM) 
Last sanderson farms, inc. earnings: 2/27 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.sandersonfarms.com
Company Research Source: MarketWatch
Sanderson Farms stock rises after sales beat Sanderson Farms Inc. SAFM, +5.01% shares rose 3.2% in Thursday premarket trading after the chicken producer reported fourth-quarter sales that beat expectations. Net loss for the quarter was $22.9 million, or $1.05 per share, after a loss of $43.2 million, or $1.95 per share, last year. Sales of $906.5 million were up from $798.1 million in 2018. The FactSet consensus was for a loss of $1.18 per share and sales of $888.0 million. "The fourth quarter marked the end of the second fiscal year in a row during which market prices for boneless breast meat produced at our plants that process a larger bird for food service customers fell to historically low levels after Labor Day," said Joe F. Sanderson, Jr., chief executive officer of Sanderson Farms. "The protein deficit caused by African swine fever in China and other countries, recently well-publicized chicken sandwich features at quick-serve restaurants, and expected higher retail pork and Show less Read more
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