Prices for eggs rose significantly and avian bird flu continued to affect egg production, but Cal-Maine beat Wall Street expectations.
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Cal-Maine Foods Inc. on Tuesday reported that revenue more than doubled and its profit increased eightfold in the third quarter, as prices for eggs rose significantly and even as avian bird flu continued to affect egg production.
Cal-Maine Foods CALM shares rose about 4% after hours, after falling 1.8% in the regular session to close at $54.27, as its results beat Wall Street expectations.
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