Cal-Maine Foods Inc. (CALM) Reports Fourth Quarter Earnings Double
Cal-Maine Foods, Inc. (CALM), the largest shell-egg producer and distributor in the U.S., released financial results for the fourth quarter and fiscal year 2008 this morning. Net income for the fourth quarter rose 104% year-over-year to $36.6 million, or $1.54 per share, on revenues of $235.6 million, a 39% increase over the same period. For the full year the company earned $6.41 per share on revenues of $915.9 million. The company continues to benefit from the ability to command high prices for its eggs, although the fourth quarter’s results represent a sequential decline of 36% in net income and 15%…