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From the Blogosphere
Hormel Foods’ Heartening Results – Analyst Blog
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Yesterday, Hormel Foods Corp. (HRL) reported heartening performance for the fourth quarter and fiscal year 2009.
During the fourth quarter of 2009, the company reported EPS of 77 cents, up 54% from 50 cents per share in the same quarter of 2008. It was also above the Zacks Consensus Estimate of 52 cents per share. However, revenues decreased 10% year over year and reached $1.68 billion. Volume was also down 3% from the fourth quarter of 2008.
Part of this substantial decrease is attributable to the planned reduction of turkeys at Jennie-O Turkey Store segment, decreased sales revenue due ...
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Stock Market News for November 24, 2009 – Market News
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U.S. stocks closed broadly higher Monday, ending a three-day losing run, as a strong housing report reassured investors’ faith in the economy. A weak dollar helped lift gold to another record high and sent shares of commodity-related companies higher. Calls for central banks around the world to continue stimulus measures also hurt the dollar even as speculation grew that the Federal Reserve will keep interest rates at a record low. <>On Monday, the 30-stock Dow Jones industrial average surged 132.79 points, or 1.29%, to 10,450.95. The broad Standard & Poor's 500-stock index rose 14.86 p<><><><><><>< /><><>< /><>< /><>< />< />...
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Trading Radar for 11/24: Heinz (HNZ), Dollar Tree (DLTR), Eaton Vance (EV), Hormel Foods (HRL), J. Crew (JCG) Report
The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session:<u>Before Market Opens:</u>Economics:8:30am EST- GDP Preliminary - Street sees 2.9%
- GDP Deflator Preliminary - Street sees 0.8%
9:00am EST- Case Shiller 20 City Index - Street sees (9.05%)
- Consumer Confidence - 47.5
Earnings:Allied Healthcare (NASDAQ: AHCI) – consensus EPS $0.06American Eagle Outfitters Inc (NYSE: AEO) – consensus EPS $0.21AVANIR Pharmaceuticals (NASDAQ: AVNR) – consensus loss $0.06Barnes & Noble (NYSE: BKS) – consensus loss $0.33Borders Group Inc. (NYSE: BGP) – consensus loss $0...
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The week in preview: No turkey earnings from Tyson, Hormel, Cracker Barrel ...
Filed under: Earnings reports, Forecasts, Hewlett-Packard (HPQ), Hormel Foods (HRL), Tyson Foods'A' (TSN)  Though the earnings season is winding down, and the coming week includes the Thanksgiving holiday in the U.S., plenty of reports are still due out. And analysts surveyed by Thomson Reuters don't seem to be expecting too many turkeys among this week's bunch.
<>Leading U.S. meat processor Tyson Foods Inc. (TSN), which has just named a new chief executive officer and a new chief operating officer, is expected to report fiscal fourth-quarter earnings of $0.26 per share, up from $0.14 in the sam...
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Halloween stocks offer investors a chance at financial treats
Filed under: Earnings reports, Forecasts, Products and services, Consumer experience, Wal-Mart (WMT), Netflix, Inc. (NFLX), Target Corp. (TGT), Hershey Co (HSY), Costco Wholesale (COST), Hormel Foods (HRL), Kraft Foods'A' (KFT), DJIA, Stocks to Buy, Recession  Halloween, though not the blockbuster holiday that Christmas is, still results in some additional spending on the part of consumers as they stock up on candy and costumes, and maybe take in a scary movie or two. With those treats in mind here are some stocks that may give investors sweet dreams -- and hopefully not nightmares.
As is well...
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About Hormel Foods Corp.
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