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Hormel Foods Corp Reports Rise In Q4 Income, Beats estimates

Hormel Foods Corp (HRL) reported earnings for its fourth quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $281.74 million, or $0.51 per share. This compares with $234.36 million, or $0.43 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $0.50 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 42.6% to $3.45 billion from $2.42 billion last year.

Hormel Foods Corp earnings at a glance:

-Earnings (Q4): $281.74 Mln. vs. $234.36 Mln. last year.
-EPS (Q4): $0.51 vs. $0.43 last year.
-Analyst Estimate: $0.50
-Revenue (Q4): $3.45 Bln vs. $2.42 Bln last year.

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