Farmers & Merchants (NASDAQ:FMAO) reported quarterly earnings of $0.64 per share which beat the analyst consensus estimate of $0.59 by 7.93 percent. This is a 33.33 percent increase over earnings of $0.48 per share from the same period last year. The company reported quarterly sales of $31.258 million which beat the analyst consensus estimate of $26.350 million by 18.63 percent. This is a 22.35 percent increase over sales of $25.549 million the same period last year.