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Cal-Maine Foods (CALM) Is Rising Following Q2 Report

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12/27/2011 9:40 AM ET

Cal-Maine Foods (CALM: Quote) reported second quarter net income of $0.97 per share Tuesday morning, up from $0.63 per share in the prior year period. Net sales rose to $290.37 million from $234.52 million last year.

Cal-Maine Foods gapped open sharply higher Tuesday and is now up 2.01 at $36.26 on above average volume. The stock is now challenging the highs of the year, trading at a 5-month high.

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by RTT Staff Writer

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Editors Pick
Confidence among Australian consumers declined sharply in May to its lowest level since August 2012, driven largely by negative responses to the Federal Budget, a survey by Westpac and Melbourne Institute showed Wednesday. The index of consumer sentiment fell 7 percent in May to 97.6 from 104.9 in April. This is the lowest reading since August 2012. Data-storage products maker NetApp Inc. said Tuesday after the markets closed that its fourth quarter profit fell 4% from last year, hurt mainly by higher operating expenses even as revenue grew slightly. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Analog Devices, Inc. said that its second quarter profit rose slightly from last year, helped mainly by lower income tax expenses even as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations. However, the company forecast third quarter revenue and earnings below analysts' current consensus estimates.
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