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Cal-Maine Net Jumps, UTi Worldwide Loss Narrows

Author: Mukesh Buch
Last Update: 12:05 PM ET March 31 2014

10:45 AM New York Cal-Maine Foods third-quarter net surged 39% to $43 million after sales climbed 10%. InterOil net in the year swung to loss $40 million but revenue jumped 6%. UTi Worldwide fourth-quarter net loss narrowed to $51 million and revenue fell 2.1% to $1.07 billion.

Earnings Review

Cal-Maine Foods Inc (CALM) soared 7.4% or $4.14 to $61.58 after the shell eggs producer said net sales in the third-quarter ending on March 1 climbed 9.7% to $395.5 million.

Net income in the quarter surged 39.2% to $42.6 million or $1.77 a diluted share compared to $30.6 million or $1.27.

InterOil Corporation (IOC) jumped 2.9% or $1.82 to $65.23 after the Australia-based energy company reported revenue in the year ending in December jumped 6% to $1.40 billion.

Net in the year swung to a loss $40.4 million or 83 cents a diluted share compared to a profit of $1.60 million or 3 cents.

UTi Worldwide Inc (UTIW) plunged 8.7% or 98 cents to $10.28 after the air freight and logistics company revenues in the fourth-quarter ending in January fell 2.1% to $1.07 billion.

Net loss in the quarter narrowed to $50.7 million or 48 cents a diluted share compared to $142.8 million or $1.38.
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc