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Egg Producer Posts Profit to End Fiscal Year

Shares in the company have increased 41% since the beginning of the year.

I Stock 1219419638
iStock

RIDGELAND, Miss. (AP) — Cal-Maine Foods Inc. on Tuesday reported fiscal fourth-quarter net income of $110 million after reporting a loss in the same period a year earlier.

On a per-share basis, the Ridgeland, Mississippi-based company said it had profit of $2.25.

The egg producer posted revenue of $593 million in the period.

For the year, the company reported profit of $132.7 million, or $2.72 per share. Revenue was reported as $1.78 billion.

Cal-Maine shares have increased 41% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $52.33, a climb of 50%, in the last 12 months.

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