Sanderson Farms (SAFM) a poultry processing company reported a quarterly loss, a net loss of $16.3 million, or 74 cents a share, compared with a profit of $35.1 million, or $1.62 a share, Net sales at the company fell about 2 percent to $479.3 million.
“The results for our second quarter of fiscal 2011 reflect current market conditions and the overall economic environment,” said Joe F. Sanderson, Jr., chairman and chief executive officer of Sanderson Farms, Inc.
Sanderson Farms (SAFM) is trading at a price of 45.99, a dramatic change of -1.28 with % change of -2.71% from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 1.02B.
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