Sanderson Farms Inc. (SAFM) reported that its net income for the first quarter of fiscal 2021 was $9.5 million or $0.42 per share compared to a net loss of $38.6 million or $1.76 per share in the first quarter of fiscal 2020.

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Sanderson Farms Inc. (SAFM) reported that its net income for the first quarter of fiscal 2021 was $9.5 million or $0.42 per share compared to a net loss of $38.6 million or $1.76 per share in the first quarter of fiscal 2020.

RTTNews | Feb 25, 2021 09:00AM EST

08:59 Thursday, February 25, 2021 (RTTNews.com) - Sanderson Farms Inc. (SAFM) reported that its net income for the first quarter of fiscal 2021 was $9.5 million or $0.42 per share compared to a net loss of $38.6 million or $1.76 per share in the first quarter of fiscal 2020.

Net sales for the first quarter of fiscal 2021 were $909.3 million compared to $823.1 million for the same period a year ago.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.55 per share and revenues of $843.16 million for the first-quarter. Analysts' estimates typically exclude special items.

Read the original article on RTTNews ( https://www.rttnews.com/3172961/sanderson-farms-turns-to-profit-in-q1.aspx)

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