Sanderson Farms Seeing Unusual Volume (SAFM)

Sanderson Farms, Inc. SAFM is seeing unusual volume this morning, as it's traded 550,000 shares this morning, after the company reported earnings that were better than expected. Sanderson Farms Inc. said higher chicken prices helped earnings in the fourth quarter. Sanderson Farms reported net income of $2.08 per share, versus the $1.72 per share Wall Street expected. Revenue came in at $529.1 million versus the $521.1 million Wall Street expected. This was a rise of 13% from last year. Despite the earnings beat, shares of SAFM are down 25 cents to $42.23.