Edition:
United States

Cal-Maine Foods Reports Q2 Loss Per Share $0.54


Friday, 5 Jan 2018 06:30am EST 

Jan 5 (Reuters) - Cal-Maine Foods Inc ::CAL-MAINE FOODS REPORTS SECOND QUARTER FISCAL 2018 RESULTS.Q2 EARNINGS PER SHARE $0.55 EXCLUDING ITEMS.Q2 LOSS PER SHARE $0.54.Q2 SALES $361.2 MILLION VERSUS I/B/E/S VIEW $340 MILLION.Q2 EARNINGS PER SHARE VIEW $0.52 -- THOMSON REUTERS I/B/E/S.- AT DEC 2, 2017, CO HAD A DEFERRED TAX LIABILITY OF ABOUT $75.3 MILLION BASED ON A U.S. FEDERAL TAX RATE OF 35 PERCENT.- ‍ WILL NOT PAY A DIVIDEND FOR FIRST OR SECOND QUARTERS OF FISCAL 2018​.CAL-MAINE FOODS - ‍AFTER TAX REFORM LEGISLATION ENACTED, DEFERRED TAX LIABILITY TO BE REVALUED AT LOWER RATE DURING Q3 OF FISCAL 2018​.- AT END OF 2017, REACHED AN AGREEMENT THAT PURCHASERS HAD FILED AGAINST CO AND MANY OTHER EGG PRODUCERS.CAL-MAINE FOODS - ‍REVALUATION OF DEFERRED TAX LIABILITY TO BENEFIT INCOME TAX EXPENSE IN CONTINUING OPERATIONS & CORRESPONDING REDUCTION IN DEFERRED TAX LIABILITY​.- ‍ AGREED TO PAY $80.8 MILLION AFTER ALL PARTIES SIGN A FORMAL SETTLEMENT AGREEMENT RELATED TO SETTLEMENT OF ANTITRUST LAWSUITS ​.- ‍RESULTS FOR Q2 OF FISCAL 2018 REFLECT "A SIGNIFICANT IMPROVEMENT IN EGG MARKET CONDITIONS" COMPARED WITH Q2 LAST YEAR​. 

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41.83
0.24 +0.58%
10:47am EDT