Cal-Maine Drops On Weaker-Than-Expected Q2 Earnings

Shares of Cal-Maine Foods Inc

dropped after the company reported weaker-than-expected Q2 earnings. CALM reported earnings at $0.63 per share, down from $0.67 per share, in the year-ago period. The company's revenue increased 2% y/y to $234.5 million. However, analysts expected earnings of $0.72 per share on revenue of $231.2 million. Shares of CALM fell 3.31% to $32.70 at 1:31 pm. Read more