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Stock impact report

Cal-Maine Stock Sinks as DOJ Egg Price Probe Outweighs Surging Sales, Profits [Yahoo! Finance]

Cal-Maine Foods, Inc. (CALM) 
Last cal-maine foods, inc. earnings: 1/5 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: calmainefoods.com/investors
Company Research Source: Yahoo! Finance
Shares of Cal-Maine Foods fell 5% in premarket trading Wednesday, a day after the country's largest egg producer said it had received a request for information from the U.S. Department of Justice. Antitrust regulators are investigating whether egg companies raised prices more than necessary amid a bird flu outbreak. Cal-Maine's fiscal third-quarter profit more than tripled year-over-year, while sales more than doubled. Shares of Cal-Maine Foods ( CALM ) fell 5% in premarket trading Wednesday as a request for information from the U.S. Department of Justice on egg prices outweighed surging fiscal third-quarter sales and profits. Cal-Maine said Tuesday that it received a "civil investigative demand" last month from the DOJ's antitrust division, as the department is investigating allegations of price gouging in the egg industry. An outbreak of bird flu has led to a sharp decline in egg supply, which has sent prices surging in recent quarters . Cal-Maine, the largest egg producer Show less Read more
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