By Connor Hart
Cal-Maine Foods is cooperating with a Justice Department investigation about the cause of soaring egg prices. The company said it has taken steps to repopulate its hen supply, and it is continuing to record soaring sales thanks to higher prices and strong demand. In its fiscal third quarter, Cal-Maine's revenue doubled to $1.42 billion. Profit rose to $508.5 million from $146.4 million a year earlier. Shares fall 3.9%, to $86.78, in after-hours trading.
Peabody Energy's stock rallied after President Trump signed executive orders aimed at expanding the production and use of coal in the U.S. The company had previously warned that domestic coal demand hadn't yet caught the uplift that can be expected from growing domestic power demand. Shares climb 18%, to $13.30, in postmarket trading.
Aehr Test Systems narrowed its loss and logged higher revenue in its fiscal third quarter, boosted by market share gains in new end markets. The semiconductor burn-in equipment maker posted a net loss of $643,000, compared with a loss of $1.5 million in last year's comparable quarter. Revenue jumped 142%, to $18.3 million. In addition to expanding into new markets, the company won several new large-contract customers, Chief Executive Gayn Erickson. Shares rise 7.7%, to $7.30, in after-hours trading.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
April 08, 2025 19:30 ET (23:30 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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