Sanderson Farms Inc. 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 fiscal 2017. Net income for the first nine months of fiscal 2018 totaled $104.6 million, or $4.58 per share, compared with net income of $206.9 million, or $9.10 per share, for the first nine months of last year.