Correction-BUZZ-Cal-Maine shares fall after reporting quarterly loss
路透社2026/09/30 11:18Title corrected to indicate that the company recorded a quarterly loss, not an expanding loss
September 30 - ** Shares of egg supplier Cal-Maine Foods (CALM.O) fell 6.5% to $64.1 in pre-market trading
** The company (link) reported first quarter revenue of $539.6 million, down from $922.6 million in the same period last year
** CALM posted a net loss of $58.62 million for the first quarter, compared to a net profit of $199.3 million a year earlier
** The company said that, following flock rebuilding, a supply-demand imbalance in the industry led to a significant decline in first quarter conventional bulk egg prices
** As of the previous trading day's close, the stock was down 13.9% year-to-date
(To facilitate non-English speakers, Reuters provides its reports in several other languages via automated translation. Due to potential inaccuracies or missing context in automated translations, Reuters does not guarantee the accuracy of translated texts, which are provided solely for readers’ convenience. Reuters is not liable for any damage or loss caused by the automated translation feature.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Silver Price Forecast: XAG/USD remains vulnerable near $60
Ghana bill would give state special share rights in mining firms, draft shows
Falling oil prices cannot save US Treasuries! Goldman Sachs: The link between energy and interest rates is breaking down, and higher real yields are raising the threshold for stock returns.
Rich Privorotsky, head of trading at Goldman Sachs, believes that the root cause of pressure in interest rate and credit markets may be shifting from energy shocks to fiscal financing demands. The high real yields are attracting private capital to risk-free assets and are raising the required return threshold for stocks.
BUZZ - Bank of America upgrades Grocery Outlet to "Buy", shares rise
