Hormel Ahead of Earnings

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Hormel Ahead of Earnings

Published on Monday, 21 November 2011 11:52 Written by Gerard Lerod

hrl New York, November 21st (TradersHuddle.com) - Shares of Hormel Foods Corporation (NYSE:HRL) are trading lower by -1.98% ahead of its quarterly earnings release. Hormel, the maker of canned meats like Spam is expected to release its quarterly results on November 22^nd.

Wall Street Analysts consensus calls for a profit of $0.42 a share on $2.11 billion revenue.

Hormel estimates have a range of $0.03 a share. The high estimate calls for profit of $0.44 a share and the low estimate is calling for a profit of $0.41 a share, a year ago for the quarter the company reported $0.45 a share.

Hormel Foods Corporation (NYSE:HRL) manufactures and markets consumer-branded meat and food products. The Company processes meat and poultry products and produces a variety of prepared foods.

Other companies on the watch on this earnings event are Smithfield Foods, Inc. NYSE:SFD and ConAgra Foods, Inc. NYSE:CAG.

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