Shares of Cal-Maine Foods (CALM) - Get Report were falling by 6.96% to $34.75 in pre-market trading on Monday morning, after the shell eggs producer reported its 2017 third quarter results which fell short of analysts' expectations.

The company posted earnings of 9 cents per diluted share on revenue of $306.5 million, analysts had forecast earnings of 20 cents per share on revenue of $325 million.

"Our results for the third quarter of fiscal 2017 reflect the volatile market conditions the egg industry has experienced throughout this fiscal year. Our results were affected by lower market prices and weaker demand trends compared with the third quarter last year," Cal-Maine CEO Dolph Baker said.

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