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

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.
Comments (2)
  • Lakeaffect
    , contributor
    Comments (973) | Send Message
     
    This is one of those bubble divvy stocks. $28 soon.
    18 Jun 2013, 08:37 AM Reply Like
  • positivethoughts
    , contributor
    Comments (1812) | Send Message
     
    I thought inflation didnt exist in North America?
    18 Jun 2013, 02:59 PM Reply Like
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