Hormel misses 3Q profit forecasts
AUSTIN, Minn. (AP) _ Hormel Foods Corp. (HRL) on Thursday reported fiscal third-quarter earnings of $182.5 million.
On a per-share basis, the Austin, Minnesota-based company said it had profit of 34 cents.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.
The maker of Spam canned ham, Dinty Moore stew and other foods posted revenue of $2.21 billion in the period.
On a per-share basis, the Austin, Minnesota-based company said it had profit of 34 cents.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.
The maker of Spam canned ham, Dinty Moore stew and other foods posted revenue of $2.21 billion in the period.
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