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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Cal-Maine Foods Earnings Jump 0 comments
    Mar 31, 2014 9:49 AM | about stocks: CALM

    Originally published at www.seclive.com

    Cal-Maine Foods, Inc. (NASDAQ:CALM) announced its financial results for the third fiscal quarter of 2014, reporting earnings that jumped from a year ago. The largest producer and distributor of eggs in the United States, the company published revenues of $395.5M, up from $360.4M in the year-ago quarter while operating income improved from $30.9M to $46.6M. Net income increased from $30.6M and $1.27 per share last year to $42.6M and $1.77 per share this quarter. Cal-Maine acquired 50% of Delta Egg Farm on March 1, and as a result, Delta Egg is now a wholly-owned subsidiary of Cal-Maine. Chairman, President, and CEO Dolph Baker remarked that specialty egg sales increased 9% and he believes that specialty egg sales are going to be a key growth driver going forward, meeting customer demand. Cal-Maine is excited about its acquisition of Delta Egg Farm, as it adds to the company's growth strategy and further expands its facilities and operations.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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