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Cal-Maine Foods falls after third-quarter revenue miss

ReutersApr 8, 2025 9:29 PM

Shares of egg producer Cal-Maine Foods CALM.O fall 4.24% to $86.50 in extended trade

Company reports Q3 revenue of $1.42 bln, lower than analysts' estimates of $1.43 bln, according to data compiled by LSEG

CALM to acquire Echo Lake Foods for about $258 mln

Company says it is cooperating with a U.S. Department of Justice investigation into the high pricing of eggs and potential collusion among producers to inflate rates

One of two brokerages rates the stock "buy" or higher, the other rates "hold"; their median PT is $102.50 - LSEG data

As of last close, stock down 12% YTD

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