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Hormel Foods Corp Announces Rise In Q1 Earnings

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

The company's bottom line came in at $242.87 million, or $0.45 per share. This compares with $241.43 million, or $0.44 per share, in last year's first quarter.

Analysts had expected the company to earn $0.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.8% to $2.38 billion from $2.36 billion last year.

Hormel Foods Corp earnings at a glance:

-Earnings (Q1): $242.87 Mln. vs. $241.43 Mln. last year.
-EPS (Q1): $0.45 vs. $0.44 last year.
-Analysts Estimate: $0.46
-Revenue (Q1): $2.38 Bln vs. $2.36 Bln last year.

Full year EPS guidance: $1.69 to $1.83
Full year revenue guidance: $9.50 - $10.30 Bln

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