Sanderson Farms reports profits for Q3 and first 9 months of fiscal year
Sanderson Farms Inc. reported results for the third fiscal quarter and nine months ended July 31, 2012. Net sales for the third quarter of fiscal 2012 were $624.9 million compared with $511.2 million for the same period a year ago. For the quarter, the company reported net income of $28.7 million, or $1.25 per share, compared with a net loss of $55.7 million, or $2.51 per share, for the third quarter of fiscal 2011.
Net sales for the first nine months of fiscal 2012 were $1,737.7 million compared with $1,418.2 million for the first nine months of fiscal 2011. Net income for the first nine months of fiscal 2012 totaled $44.6 million, or $1.94 per share, compared with a net loss of $105.5 million, or $4.77 per share, for the first nine months of last year.