Sanderson shares down as analyst expects bigger losses
by Associated Press Published: August 22,2011
Tags: agriculture, earnings, expectations, food, losses, poultry, publicly traded company, Wall Street
LAUREL — Shares of Sanderson Farms Inc. dropped 4 percent today as an analyst predicts the poultry producer’s third-quarter loss will be bigger than Wall Street’s forecast due to falling chicken prices and higher feed costs. Jefferies analyst Jeff Farmer estimates Sanderson will lose $1.25 per share in the quarter, compared with Wall Street’s expectations [...] [...]
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