Sanderson Farms Q4 Profit Rises - Quick Facts

(RTTNews) - Poultry processor Sanderson Farms, Inc. (SAFM) posted higher fourth-quarter net income of $93.1 million, or $4.04 per share, compared with $45.3 million, or $1.97 per share, last year. On average, 8 analysts polled by Thomson Reuters expected the company to report earnings of $4.01 per share for the quarter. Analysts' estimates typically exclude one-time items.

Net sales for the fourth quarter of fiscal 2014 were $760.9 million, versus $727.1 million for the same period a year ago. Wall Street expected revenues of $758.28 million for the quarter.

According to Sanderson, overall market prices for poultry products were higher in the fourth quarter of fiscal 2014 compared with prices a year ago.