Plus   Neg

Hormel Foods Corp Q2 Income Rises

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

The company's profit totaled $237.38 million, or $0.44 per share. This compares with $210.93 million, or $0.39 per share, in last year's second quarter.

Analysts had expected the company to earn $0.45 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.4% to $2.33 billion from $2.19 billion last year.

Hormel Foods Corp earnings at a glance:

-Earnings (Q2): $237.38 Mln. vs. $210.93 Mln. last year.
-EPS (Q2): $0.44 vs. $0.39 last year.
-Analysts Estimate: $0.45
-Revenue (Q2): $2.33 Bln vs. $2.19 Bln last year.

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

For comments and feedback contact: editorial@rttnews.com

Follow RTT