Cal-Maine Foods Inc Profit Advances In Q2, but misses estimates

(RTTNews) - Cal-Maine Foods Inc (CALM) announced a profit for its second quarter that increased from the same period last year but missed the Street estimates.

The company's bottom line came in at $198.6 million, or $4.07 per share. This compares with $1.2 million, or $0.02 per share, in last year's second quarter.

Analysts on average had expected the company to earn $4.24 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 110.0% to $801.7 million from $381.7 million last year.

Cal-Maine Foods Inc earnings at a glance (GAAP) :

-Earnings (Q2): $198.6 Mln. vs. $1.2 Mln. last year. -EPS (Q2): $4.07 vs. $0.02 last year. -Analyst Estimate: $4.24 -Revenue (Q2): $801.7 Mln vs. $381.7 Mln last year.