Cal-Maine Foods Inc (CALM) announced a profit for second quarter that decreased from last year and missed the Street estimates.
The company's earnings totaled $17.0 million, or $0.35 per share. This compares with $198.6 million, or $4.07 per share, in last year's second quarter.
Analysts on average had expected the company to earn $0.83 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 34.7% to $523.2 million from $801.7 million last year.
Cal-Maine Foods Inc earnings at a glance (GAAP) :
-Earnings (Q2): $17.0 Mln. vs. $198.6 Mln. last year.-EPS (Q2): $0.35 vs. $4.07 last year.-Analyst Estimates: $0.83-Revenue (Q2): $523.2 Mln vs. $801.7 Mln last year.
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