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Cal-Maine Foods Shares Fall Following Earnings Miss, Revenue Beat -Breaking

by Mike Robinson

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Investing.com — Cal-Maine Foods Inc (NASDAQ:)Announced earnings per share at 2 Cents on $390.9million in revenue According to analysts polled Investing.comFor a revenue of $390.2 Million, the expected EPS is 28 cents.

This was 12.5% more than the $347.3 million that we reported last year.

Dolph Baker, chairman and CEO of Cal-Maine Foods, said: “We are pleased that our operating results helped drive a return to modest profitability in the second quarter despite the impacts of higher costs for feed ingredients, processing, packaging, transportation and labor.”

Adding: “In spite of current and expected inflationary headwinds, we remain focused on what we can control by managing our costs and running efficient operations.”

Cal-Maine’s share prices fell 7.7%, falling to $35.35.

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