Why Cal-Maine Foods Stock Popped Today
Cal-Maine Foods(CALM) The Motley Fool·2024-04-04 00:32The egg producer delivered a better-than-feared quarter.Shares of Cal-Maine Foods (CALM 3.62%) climbed as high as 7.2% early Wednesday, then settled to close up 3.6% after the egg producer announced better-than-expected quarterly results. This occurred despite news of a new Avian flu outbreak at one of its facilities.Cal-Maine Foods' better-than-feared quarterFor its fiscal third quarter ended March 2, 2024, Cal-Maine Foods' revenue declined 29.5% year over year to $703.1 million, translating to net income ...