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Stock Market & Financial Investment News

News Breaks
March 31, 2014
11:24 EDTPPC, SAFM, CALMCal-Maine Foods hits 52-week high after quarter tops estimates
Shares of egg producer Cal-Maine Foods (CALM) are rallying after the company's third quarter results topped expectations. WHAT'S NEW: This morning, Cal-Maine Foods reported third quarter earnings per share of $1.77 and revenue of $395.5M, compared to expectations of $1.41 and $360.4M, respectively. The company reported Q3 specialty eggs sales increased 9% and that specialty eggs accounted for 17.4% of dozen eggs sold. Cal-Maine CEO Dolph Baker said the company's higher sales reflect both improved volumes through the holiday season and higher average selling prices compared with the third quarter of last year, noting that the egg products segment of the industry has continued to experience strong demand due to the introduction of breakfast items at many quick serve restaurants, as well as increased exports. "We believe the performance of specialty eggs will continue to be a key driver of our growth as we capitalize on favorable consumer demand trends. We remain focused on identifying additional opportunities to market and sell specialty eggs and enhance our product mix, Baker added. PRICE ACTION: In late morning trading, Cal-Maine Foods rose $4.19, or 7.3%, to $61.70 on nearly twice its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week high of $62.21. The stock is up approximately 45% over the past twelve months. OTHERS TO WATCH: Other companies in the chicken products space include Sanderson Farms (SAFM) and Pilgrim's Pride (PPC).
News For CALM;SAFM;PPC From The Last 14 Days
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September 2, 2015
14:36 EDTCALMMcDonald's all-day breakfast may further crimp egg supplies, Bloomberg says
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September 1, 2015
10:04 EDTCALMOn The Fly: Analyst Upgrade Summary
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08:51 EDTCALMCal-Maine Foods upgraded yesterday morning at BB&T
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August 25, 2015
11:50 EDTSAFMSanderson Farms says 'relief' needed from drop in leg volume and prices
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11:17 EDTSAFMSanderson Farms: Food service demand was better in Q3 than previous year
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07:06 EDTSAFMSanderson Farms on track to increase production at Palestine, TX plant in Jan.
The company says, "The plant is now moving to fifty percent capacity, and we are on schedule to increase production at the plant again in January 2016. We expect to reach full production during the second fiscal quarter of 2016. We also broke ground on our new St. Pauls, North Carolina, facilities in July, and we look forward to the opportunities the new facilities will provide to our shareholders, our customers and our employees."
07:05 EDTSAFMSanderson Farms: Results affected by accurals booked for bonus award program
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07:05 EDTSAFMSanderson Farms reports Q3 EPS $2.27, consensus $2.90
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