Cal-Maine swings to a Q4 profit
Producer and marketer of shell eggs Cal-Maine Foods, Inc. (Nasdaq: CALM) announced it swung to a profit in its fiscal fourth quarter before the bell this morning.
For the three months ended June 2, the Jackson, Miss.-based company reported net earnings of $18.3 million, or $0.78 per basic share, compared with a net loss of $0.21 million, or $0.01 per basic share, for the same period last year.
Cal-Maine booked net sales of $169.9 million, compared with net sales of $129.4 million for the fourth quarter last year.
Shares of Cal-Maine bumped up 8.91%, or $1.80, to $22.00 in pre-market trading.
