— 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
Most Popular
Target Corp posts strong results in Q4: Infographic
Target Corporation (NYSE: TGT) reported fourth-quarter 2020 financial results before the opening bell today. The department store chain reported Q4 revenue of $28.3 billion, up 21% year-over-year and higher than
Key highlights from Autodesk (ADSK) Q4 2021 earnings results
Autodesk, Inc. (NASDAQ: ADSK) today reported its fourth quarter financial results for the period ended January 31, 2021. Net income for the fourth quarter was $911.3 million, or $4.10 per
Infographic: Beyond Meat (BYND) reports wider Q4 loss; Revenue up 4%
Beyond Meat (NASDAQ: BYND), a specialist in plant-based meat substitutes, Thursday reported a wider loss for the fourth quarter, despite an increase in revenues. The numbers also missed the consensus
