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DAILY EARNINGS

Cal-Maine Foods Profit Jumps, CalAmp Net Falls


Author: Mukesh Buch
ticker.com
Last Update: 12:12 PM ET December 24 2014

12:30 AM New York Cal-Maine Foods second-quarter net surged 40% to $37 million and net sales climbed 7% to $379 million. CalAmp third-quarter net dropped 4% and revenues slid 0.5% to $63.2 million.

Tollbooth Strategy Index edged down 0.01% or 1 to 10,147.50.

Earnings Review

Cal-Maine Foods Inc (CALM) declined 6.1% or $2.71 to $41.40 after the shell eggs producer reported net sales in the second-quarter ending in November climbed 6.9% to $378.6 million from a year ago period.

Net income in the quarter surged 40.2% to $36.6 million or 76 cents a diluted share compared to $26.1 million or 54 cents from a same quarter last year.

CalAmp Corporation (CAMP) tumbled 10.9% or $2.16 to $17.56 after the wireless communication service provider reported revenues in the third-quarter ending in November slid 0.5% to $63.2 million from a year ago period.

Net income in the quarter dropped 4.3% to $4.02 million or 11 cents a diluted share compared to $4.21 million or 12 cents from a same quarter last year.

The company forecasted adjusted earnings per share for the fourth-quarter in the range of 26 cents to 30 cents and revenues between $66 million and $70 million.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc