05:07 AM EDT, 04/03/2024 (MT Newswires) -- (Updates with the stock move in the headline and the last paragraph.)

Cal-Maine Foods ( CALM ) reported fiscal Q3 earnings Tuesday of $3.00 per diluted share, down from $6.62 a year earlier.

Three analysts polled by Capital IQ expected $2.45.

Net sales for the quarter ended March 2 were $703.1 million, down from $997.5 million a year earlier. Two analysts surveyed by Capital IQ expected $692.4 million.

The company's shares were up 8.3% in premarket activity Wednesday.

Price: 63.80, Change: +4.89 , Percent Change: +8.30