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AgFeed expects strong Q2 earnings on better sales, lower production costs

Dianna Heitz | Jul 02, 2008 08:41am EDT | Comment
Rating: Unrated
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.

For detailed price information and recent news stories on AgFeed Industries Inc., click FEED.
Dianna Heitz

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Reporter Dianna Heitz is based in SmallCapInvestor.com's Washington, DC bureau.