Reported 1 day ago
Cal-Maine Foods' stock rose after the company reported strong earnings driven by higher egg prices and robust holiday demand. In the second quarter, profits reached $4.47 per share, with an 82.5% increase in revenue, attributed to a 58.4% spike in egg prices amidst limited supply due to Bird Flu outbreaks. The company's recent acquisition of ISE America's production assets also contributed to its success. Overall, shares increased over 2% in one day and have nearly doubled in the past year.
Source: YAHOO