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Thursday, May 24, 2018

=Sanderson Farms (SAFM) reported earnings on Thur 24 May 18 (b/o)

Sanderson Farms misses by $0.23, misses on revs 
  • Reports Q2 (Apr) earnings of $1.84 per share, $0.23 worse than the Capital IQ Consensus of $2.07; revenues rose 1.4% year/year to $813.5 mln vs the $839.64 mln Capital IQ Consensus.
  • "The results of our second quarter of fiscal 2018 reflect slightly lower feed costs per pound, continued favorable demand for poultry products from retail grocery store customers, higher volume, and a stable export environment..Looking ahead to the second half of the fiscal year, we expect grain prices to
    be somewhat higher as we move through the crop growing season."

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