Thursday, May 24, 2007

Sanderson Farms earnings jump, shares rise

(Reuters) - Wall Street analysts, on average, expected earnings of 29 cents, according to Reuters Estimates.




"Market conditions improved steadily throughout the quarter, as did our profitability. The company's top-line growth, resulting from improved market conditions and additional poultry pounds, more than offset the higher grain costs," Joe F. Sanderson, Jr., Sanderson's chief executive officer, said in a statement.


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