(RTTNews) - Cal-Maine Foods Inc (CALM) released a profit for first quarter that decreased from last year and missed the Street estimates.
The company's bottom line came in at $0.9 million, or $0.02 per share. This compares with $125.3 million, or $2.57 per share, in last year's first quarter.
Analysts on average had expected the company to earn $0.33 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 30.2% to $459.3 million from $658.3 million last year.
Cal-Maine Foods Inc earnings at a glance (GAAP) :
-Earnings (Q1): $0.9 Mln. vs. $125.3 Mln. last year. -EPS (Q1): $0.02 vs. $2.57 last year. -Analyst Estimates: $0.33 -Revenue (Q1): $459.3 Mln vs. $658.3 Mln last year.
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