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Sanderson Farms 2Q Profit Soars On Low Feed Costs

Stock quotes in this article: SAFM  

LAUREL, Miss. (AP) — Chicken producer Sanderson Farms Inc. said Thursday its fiscal second quarter profit soared due to far lower feed costs and strong demand for chicken at grocery stores.

For the quarter ended April 30, net income jumped to $26.2 million, or $1.27 per share, from $6.2 million, or 30 cents per share a year ago.

Analysts polled by Thomson Reuters expected profit of 55 cents per share. ...

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