Hormel (HRL) lowers estimates for profitability this year, dropping its EPS outlook to...

|About: Hormel Foods Corporation (HRL)|By:, SA News Editor

Hormel (HRL) lowers estimates for profitability this year, dropping its EPS outlook to $1.88-$1.96 from prior guidance of $1.93-$2.03. The company cites higher input costs and poor pork sales for the shortfall. HRL -9% premarket, working off much of the gains picked up from enthusiasm in the sector after Smithfields Foods was bought out.