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Tuesday, August 26, 2014

Sanderson Farms Q3 Sales Miss As Volume Falls Short



Investors.com http://ift.tt/1nyuP8i Sanderson Farms' (SAFM) shares dropped after fiscal third-quarter earnings and revenue fell short of expectations, despite higher poultry prices and lower feed costs. The poultry processing company earned $3.30 a share, a rise of 12% from last year. Analysts polled by Thomson Reuters expected $3.82. Accruals for the company's bonus award program and employee stock ownership plan negatively impacted the bottom line by 76 cents a share, net of tax,


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