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Stock impact report

Why Cal-Maine Foods Shares Were Volatile Today [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
Investors weren't sure what to make of it all. In a volatile day for broader markets , shares of Cal-Maine fell 8% at the open, soared as high as up 6% mid-day, and were up about 3% heading into the close. Egg prices have been in the news due to the impact of bird flu, but Cal-Maine is trying its best to remain focused on business as usual. The company earned $10.38 per share in its fiscal third quarter ending March 1, up from $3 per share a year prior but below the $10.90 per share Wall Street had expected. Similarly, Cal-Maine's $1.42 billion in quarterly sales was up 102% year over year but $10 million short of expectations. CEO Sherman Miller spoke of persistent "dynamic market conditions" but said "the entire Cal-Maine Foods team did an outstanding job in maximizing production through a period of high demand, while operating safely and maintaining diligence on biosecurity measures." Cal-Maine also announced plans to buy Echo Lake, a maker of ready-to-eat breakfast foods, fo Show less Read more
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