Egg Producer Cal-Maine Reports Profit

The company reversed a loss from the same period last year.

I Stock 1403794763

RIDGELAND, Miss. (AP) β€” Cal-Maine Foods Inc. on Tuesday reported fiscal first-quarter net income of $125.3 million after reporting a loss in the same period a year earlier.

On a per-share basis, the Mississippi-based company said it had net income of $2.57.

The egg producer posted revenue of $658.3 million in the period.

Cal-Maine shares have risen 63% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $60.46, a climb of 66% in the last 12 months.

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