Farmers & Merchants (NASDAQ:FMAO) reported quarterly earnings of $0.48 per share which beat the analyst consensus estimate of $0.42 by 14.29 percent. The company reported quarterly sales of $25.549 million which beat the analyst consensus estimate of $21.567 million by 18.46 percent. This is a 9.53 percent increase over sales of $23.326 million the same period last year.