Hormel reports higher quarterly profit
Nov 20 (Reuters) - Hormel Foods Corp reported higher quarterly earnings on Tuesday as losses in the company's hog operations were offset by profit gains in other parts of the business.
The seller of Spam canned ham, Hormel meats and Jennie-O turkeys said net income had risen to $132.6 million, or 49 cents per share, in the fourth quarter ended on Oct. 28 from $117.3 million, or 43 cents per share, a year earlier.
Net sales rose to $2.17 billion from $2.10 billion.
The company forecast fiscal 2013 earnings of $1.90 to $2.00 per share.
- U.S.' Kerry voices 'regret' to India over diplomat case |
- Washington, DC city council raises minimum wage to $11.50/hr in 2016
- China confirms near miss with U.S. ship in South China Sea
- Medical bills underlie 60 percent of U.S. bankrupts: study
- Mega Millions winners in Georgia, California to split $648 million |