RTTNews | Dec 29, 2021 11:13AM EST

11:12 Wednesday, December 29, 2021 (RTTNews.com) - Shares of Cal-Maine Foods, Inc. (CALM) slipped nearly 6% on Wednesday morning after the company reported second-quarter results, with earnings missing Street view, but revenues exceeding expectations.

CALM is currently trading at $36.17, down $2.13 or 5.56%, on the Nasdaq.

Second-quarter sales increased 12.5 percent to $390.9 million from $347.3 million last year. The company reported profit of $1.2 million or $0.02 per share, compared to net income of $12.2 million or $0.25 per share last year.

Analysts polled by Thomson Reuters expected earnings of $0.28 per share on revenues of $387.77 million for the quarter.

Cal-Maine Foods, Inc. is primarily engaged in the production, grading, packing, marketing and distribution of fresh shell eggs, including conventional, cage-free, organic, free-range, pasture-raised and nutritionally enhanced eggs.

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