Sanderson Farms, Inc. (NASDAQ:SAFM) headquartered in , announced net income for the fourth quarter of $ 72.87 million or $ 3.20 per share, compared to income $ 75.96 million or $ 3.36 per share for the year-ago quarter.
Analysts from Thomson Reuters expected income of $ 3.50 per share.
Top line figures for the fourth quarter rose 16% to $ 919.94 million from $ 790.81 million in the same quarter last year, where as analysts anticipated $ 911.30 million.
Joe F. Sanderson, CEO, commented: The fourth quarter marked the end of another record year for Sanderson Farms. Market conditions weakened during our fourth fiscal quarter of 2017, as market prices declined seasonally after Labor Day.
For the twelve months period, SAFM disclosed net income of $ 279.75 million or $ 12.30 per share from the net sales of $ 3.34 billion.