Cal-Maine Foods' Stock Falls After Profit Miss

Shares of Cal-Maine Foods fell 1% in after-hours trade Tuesday, after the egg producer reported a fiscal second-quarter profit that was below expectations. For the quarter ended Nov. 29, earnings rose to $36.6 million, or 76 cents a share, from $26.1 million, or 54 cents a share, in the same period a year ago, but fell short of the FactSet consensus analyst estimate of 85 cents a share. Meanwhile, sales rose 6.9% to $378.6 million, beating analyst forecasts of $365 million. The number of eggs sold rose 4.2% to 263.45 million, while the average selling price for a dozen eggs increased 2.9% to $1.379. The stock had rallied 47% this year through Tuesday's close, compared with a 13% rise in the S&P 500.