— Cal-Maine Foods, Inc. (NASDAQ: CALM), a producer and marketer of shell eggs, reported a loss of $0.21 per share for the second quarter of 2020, compared to earnings of $0.45 per share last year, vs. $0.03 per share earnings analysts estimated.
— Second-quarter net loss was $10.06 million, compared to a profit of $21.81 million in the same period of last year
— Net sales decreased to $311.52 million from $356.04 million last year, vs. $327.04 million expected
— Sold 261,026 dozen eggs in the second quarter, compared to 262,263 dozen last year
— Net average selling price per dozen was $1.160, compared to $1.311 in the second quarter of 2019
— Expects to improve operations by leveraging new capacity additions and planned closure of underperforming facilities
— On track to position the company as an industry leader in meeting future customer requirements for cage-free eggs
— Completed acquisition of the commercial shell eggs business of Mahard Egg Farm, which will be integrated into Cal-Maine’s existing footprint in the South Central region
— Expects more price volatility in the second half, due to headwinds from uncertainties related to trade agreements and tariffs disputes
Micron Technology Inc. (NASDAQ: MU) reported third quarter 2022 earnings results today. Revenue increased 16% year-over-year to $8.64 billion. GAAP net income was $2.63 billion, or $2.34 per share, compared
Shares of Constellation Brands Inc. (NYSE: STZ) were down 4% on Thursday despite the company beating expectations on its first quarter 2023 earnings results. The stock has dropped 7% year-to-date.
Constellation Brands, Inc. (NYSE: STZ) reported first quarter 2023 earnings results today. Net sales increased 17% year-over-year to $2.3 billion. Net income attributable to CBI was $390 million, or $2.06