AgFeed expects strong Q2 earnings on better sales, lower production costs
AgFeed Industries Inc. (Nasdaq:FEED) announced Wednesday it is expecting favorable second-quarter earnings. The China-based commercial hog producer and premix feed company said it sold a record number of hogs for the quarter ended June 30. The company also said lower production costs due to better operating efficiency helped expand profit margins for the quarter.
Ahead of the bell Wednesday, AgFeed was mostly flat, trading at $13.93, up $0.04 from Tuesday’s close.
Ahead of the bell Wednesday, AgFeed was mostly flat, trading at $13.93, up $0.04 from Tuesday’s close.
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