Hormel Foods HRL reported its Q3 earnings results on Thursday, September 1, 2022 at 06:30 AM.
Here's what investors need to know about the announcement.
Hormel Foods missed estimated earnings by 2.44%, reporting an EPS of $0.40 versus an estimate of $0.41.
Revenue was up $170.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 1.4% drop in the share price the next day.
Here's a look at Hormel Foods's past performance:
|Quarter||Q2 2022||Q1 2022||Q4 2021||Q3 2021|
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Hormel Foods management provided guidance for FY 2022, expecting earnings between $1.78 and $1.85 per share.
To track all earnings releases for Hormel Foods visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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