Hormel Foods Aktie
WKN: 850875 / ISIN: US4404521001
29.11.2023 12:34:42
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Hormel Foods Corp Q4 Profit Decreases, misses estimates
(RTTNews) - Hormel Foods Corp (HRL) reported earnings for fourth quarter that decreased from the same period last year and missed the Street estimates.
The company's earnings came in at $195.94 million, or $0.36 per share. This compares with $279.88 million, or $0.51 per share, in last year's fourth quarter.
Excluding items, Hormel Foods Corp reported adjusted earnings of $230.15 million or $0.42 per share for the period.
Analysts on average had expected the company to earn $0.44 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 2.4% to $3.20 billion from $3.28 billion last year.
Hormel Foods Corp earnings at a glance (GAAP) :
-Earnings (Q4): $195.94 Mln. vs. $279.88 Mln. last year. -EPS (Q4): $0.36 vs. $0.51 last year. -Analyst Estimates: $0.44 -Revenue (Q4): $3.20 Bln vs. $3.28 Bln last year.

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Hormel Foods Corp. | 24,31 | -1,26% |
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