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Hormel Foods Corp Q3 adjusted earnings Inline With Estimates

Hormel Foods Corp (HRL) announced a profit for third quarter that decreased from last year.

The company's bottom line totaled $176.92 million, or $0.32 per share. This compares with $203.12 million, or $0.37 per share, in last year's third quarter.

Excluding items, Hormel Foods Corp reported adjusted earnings of $211.91 million or $0.39 per share for the period.

Analysts had expected the company to earn $0.39 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 20.2% to $2.86 billion from $2.38 billion last year.

Hormel Foods Corp earnings at a glance:

-Analysts Estimate: $0.39
-Revenue (Q3): $2.86 Bln vs. $2.38 Bln last year.

-Guidance:
Full year EPS guidance: $1.65 - $1.69
Full year revenue guidance: $11.0 - $11.2 Bln

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