** charts before earnings **
** charts after earnings **
Cal-Maine Foods beats by $0.18, reports revs in-line :
- Reports Q4 (May) loss of $0.01 per share, $0.18 better than the Capital IQ Consensus of ($0.19); revenues fell 24.8% year/year to $303 mln vs the $300.69 mln Capital IQ Consensus.
- "While there have been no positive tests for Avian Influenza at any of our locations, the outbreak significantly affected egg supplies and prices. Our results for the fourth quarter reflect these extremely volatile egg market conditions and supply disruptions. Market prices for shell eggs have dropped considerably from the historically high levels we experienced at the beginning of this fiscal year. The Urner Barry price index hit a decade-low level during our fourth quarter, before recovering a portion of these declines in recent weeks."
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