Market Updates
U.S. Movers: AAR Corp, Cal-Maine Foods
Scott Peters
08 Jan, 2025
New York City
Cal-Maine Foods increased 4.8% to $108.60 after the egg-producing company reported its latest quarterly results.
Revenue in the quarter ending on November 30 increased 82% to $954.7 million from $523.3 million, net income advanced to $218.3 million from $16.6 million, and diluted earnings per share jumped to $4.47 from 35 cents a year ago.
AAR Corp. jumped 4.5% to $64.50 after the aviation company reported better-than-expected fiscal second quarter results.
Revenue in the fiscal second quarter ending in November increased 26% to $686 million, net income swung to a loss of $30.6 million from a profit of $23.8 million, and diluted earnings per share were a loss of 87 cents compared to an income of 67 cents a year ago.
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