Farmers & Merchants (NASDAQ:FMAO) reported quarterly earnings of $0.70 per share which beat the analyst consensus estimate of $0.68 by 2.94 percent. This is a 37.25 percent increase over earnings of $0.51 per share from the same period last year. The company reported quarterly sales of $32.444 million which beat the analyst consensus estimate of $28.050 million by 15.66 percent. This is a 15.58 percent increase over sales of $28.071 million the same period last year.