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Thursday, May 25, 2017

=Sanderson Farms (SAFM) reported earnings on Thur 25 May 2017 (b/o)




Sanderson Farms beats by $0.45, beats on revs:
  • Reports Q2 (Apr) earnings of $2.94 per share, $0.45 better than the Capital IQ Consensus of $2.49; revenues rose 15.9% year/year to $802 mln vs the $769.47 mln Capital IQ Consensus.
  • Capital expenditures for the first six months of fiscal 2016 were $67.3 million, including approximately $23.6 million for construction of the St. Pauls, North Carolina complex, and approximately $5.0 million for construction of a new office building on the site of the Company's headquarters in Laurel, Mississippi.

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