Hormel Foods: Q2 Earnings Insights - Hormel Foods (NYSE:HRL)
Hormel Foods HRL reported its Q2 earnings results on Thursday, June 1, 2023 at 06:30 AM.
Here's what investors need to know about the announcement.
Hormel Foods reported in-line EPS of $0.4 versus an estimate of $0.4.
Revenue was down $120.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.05 which was followed by a 2.87% drop in the share price the next day.
Here's a look at Hormel Foods's past performance:
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).