Hormel: Fiscal Q2 Earnings Snapshot
AUSTIN, Minn. (AP) — AUSTIN, Minn. (AP) — Hormel Foods Corp. (HRL) on Thursday reported fiscal second-quarter earnings of $217.2 million.
On a per-share basis, the Austin, Minnesota-based company said it had profit of 40 cents.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.
The maker of Spam canned ham, Dinty Moore stew and other foods posted revenue of $2.98 billion in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $3.06 billion.
Hormel expects full-year earnings to be $1.70 to $1.82 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HRL at https://www.zacks.com/ap/HRL