CALM

Last time we talked about egg producer Cal-Maine Foods’, its stock price was cracking due to lower egg prices. Unfortunately, this quarter didn’t fare much better, with shares once again falling after its quarterly report.

The company’s second-quarter earnings per share of $0.35 were down over 90% from last year’s $4.07. And revenues of $523.2 million were down about 35% YoY. Both numbers missed analyst expectations of $0.83 and $525 million. 🔻