– The nation's largest egg producer reported quarterly profit of $1.24 per share, 4 cents a share above estimates. Revenue was slightly below forecasts.
Cal-Maine benefitted from a rebound in egg prices following a long period of depressed prices, as consumers stocked up due to shelter-in-place orders. The company will not pay a fourth-quarter dividend, based on the metrics involved in its variable dividend policy.
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Source: WSJ - 🏆 98. / 63 Read more »