Cal-Maine Foods Inc (CALM) reported earnings for third quarter that decreased from last year but beat the Street estimates.
The company's earnings totaled $146.7 million, or $3.00 per share. This compares with $323.2 million, or $6.62 per share, in last year's third quarter.
Analysts on average had expected the company to earn $2.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 29.5% to $703.1 million from $997.5 million last year.
Cal-Maine Foods Inc earnings at a glance (GAAP) :
-Earnings (Q3): $146.7 Mln. vs. $323.2 Mln. last year.
-EPS (Q3): $3.00 vs. $6.62 last year.
-Revenue (Q3): $703.1 Mln vs. $997.5 Mln last year.
For comments and feedback: editorial@rttnews.com