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DAILY EARNINGS

TerraForm Power Net Swings to Profit, Cal-Maine Net Loss Narrows


Author: Mukesh Buch
ticker.com
Last Update: 6:22 AM EDT October 02 2017

11:45 PM New York Cal-Maine Foods first-quarter net loss narrowed to $16 million. TerraForm Power second-quarter net swung to profit $7.4 million.

Tollbooth Index slipped 33.39 or 0.3% to 12,631.38.

Earnings Review

Cal-Maine Foods Inc (CALM), the shell eggs producer reported net sales in the first-quarter ending on September 2 soared 9.6% from a year ago to $262.8 million.

Net loss in the quarter narrowed to $16 million or 33 cents per diluted share from $30.9 million or 64 cents in the same quarter last year.

TerraForm Power Inc (TERP), the wind, solar and clean energy producer said revenues in the second-quarter ending in June declined 9% from a year ago to $170.4 million.

Net in the quarter swung to profit $7.4 million or 6 cents per diluted share from a loss of $20.9 million or 23 cents in the same quarter last year.
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