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Hormel Foods Corp Q1 Earnings Rise

Hormel Foods Corp (HRL) released a profit for its first quarter that rose compared to the same period last year.

The company said its bottom line advanced to $303.11 million, or $0.56 per share. This was higher than $235.15 million, or $0.44 per share, in last year's first quarter.

Analysts had expected the company to earn $0.44 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.2% to $2.33 billion. This was up from $2.28 billion last year.

Hormel Foods Corp earnings at a glance:

-Earnings (Q1): $303.11 Mln. vs. $235.15 Mln. last year.
-Earnings Growth (Y-o-Y): 28.9%
-EPS (Q1): $0.56 vs. $0.44 last year.
-EPS Growth (Y-o-Y): 27.3%
-Analysts Estimate: $0.44
-Revenue (Q1): $2.33 Bln vs. $2.28 Bln last year.
-Revenue Change (Y-o-Y): 2.2%

Full year EPS guidance: $1.81 to $1.95
Full year revenue guidance: $9.70 - $10.10 Bln

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