Cal-Maine (CALM) Hit On Earnings

Posted in pre-market 
September 28th, 2009

Cal-Maine (CALM) is down almost 14% to $24 on poor earnings.

For the first quarter of fiscal 2010, net sales were $187.7 million, compared with net sales of $206.9 million for the first quarter of fiscal 2009. The Company reported net loss of $3.8 million, or $0.16 per basic and diluted share, for the first quarter of fiscal 2010 compared with net income of $11.1 million, or $0.47 per basic and diluted share, for the year-earlier period.

The company blamed lower prices on the eggs it sold was the major cause for the loss.

Douglas A. McIntyre

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