SACRAMENTO, Calif. (AP) _ S&W Seed Co. (SANW) on Thursday reported fiscal first-quarter net income of $21,000, after reporting a loss in the same period a year earlier.
The Sacramento, California-based company said it had profit of less than 1 cent on a per-share basis. Earnings, adjusted for non-recurring costs, were 2 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The alfalfa seed company posted revenue of $26.1 million in the period.
The company's shares closed at $3.05. A year ago, they were trading at $2.98.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SANW at https://www.zacks.com/ap/SANW