correction: corrects earnings per share and revenue estimate in last paragraph
Hormel Foods Corp. (HRL) reported fiscal 2013 second quarter net earnings attributable to the company of $125.5 million, down 2 percent from net earnings of $127.9 million a year earlier. On a per share basis, net income declined to $0.46, from $0.48 last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.49 per share for the quarter. Analysts' estimates typically exclude special items.
Sales for the quarter were $2.2 billion, up 7 percent from fiscal 2012. Eight analysts had consensus revenue estimate of $2.19 billion for the quarter.
The company maintained its fiscal 2013 earnings per share guidance in a range of $1.93 to $2.03. Analysts expect the company to report earnings of $2 per share on revenue of $8.81 billion for fiscal 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.