Cal-Maine Foods Inc Profit Rises 417% In Q1

(RTTNews) - Cal-Maine Foods Inc (CALM) revealed earnings for its first quarter that climbed from last year.

The company said its bottom line climbed to $143.02 million, or $2.95 per share. This was up from $27.66 million, or $0.57 per share, in last year's first quarter.

Analysts had expected the company to earn $3.14 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 70.9% to $609.90 million. This was up from $356.94 million last year.

Cal-Maine Foods Inc earnings at a glance:

-Earnings (Q1): $143.02 Mln. vs. $27.66 Mln. last year.
-Earnings Growth (Y-o-Y): 417.1%
-EPS (Q1): $2.95 vs. $0.57 last year.
-EPS Growth (Y-o-Y): 417.5%
-Analysts Estimate: $3.14
-Revenue (Q1): $609.90 Mln vs. $356.94 Mln last year.
-Revenue Change (Y-o-Y): 70.9%