CALM : second-quarter net income jumped to $40.2 million, or $1.69 a share, from $6.4 million, or 27 cents a share, a year earlier. The Jackson, Miss., egg producer said revenue for the quarter ended Dec. 1 rose 62% to $223.7 million from $137.7 million a year earlier, due to strong demand for fresh eggs at the retail and food service levels, as well as for eggs used for liquid, frozen and dried egg products. Shares of Cal-Maine Foods closed down 32 cents at $25.85 on Thursday.
This looks like blowout earnings. But stocks has been rallying for sometime and can go either way. Keep on your radar. This is morning earnings release. Egg prices tend to be volatile and this stock has very high short interest . 37% of float is short. Float is 14 million.
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