Cal Maine Foods (CALM) NewsBite - CALM Earnings Top Estimates
Posted: Monday, December 28, 2009 10:17 AM EDT
By: Market Intelligence Center Staff
Cal Maine Foods (NASDAQ: CALM) opened at $31.01. So far today, the stock has hit a low of $30.12 and a high of $31.70. CALM is now trading at $31.55, up $0.74 (2.4%). Over the last 52 weeks the stock has ranged from a low of $17.01 to a high of $31.68. CALM reported earnings this morning, posting a second-quarter profit of $16.1 million, or 67 cents per share, on revenue of $229.2 million. Analysts were expecting a profit of 66 cents per share on revenue of $233.65 million. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for CALM. If you are looking for a hedged play on CALM the stock seems like it could be a candidate for a May out-of-the-money bull-put credit spread below the 25 range. [ABR-Seven Summits Strategic Investments NewsBite]
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