Hormel Foods Corporation (NYSE: HRL) reported third quarter 2023 earnings results today.
Net sales totaled $3 billion compared to $3.03 billion in the same period last year.
Net earnings attributable to Hormel Foods Corporation were $162.6 million, or $0.30 per share, compared to $218.9 million, or $0.40 per share, last year. Adjusted EPS amounted to $0.40.
Both revenue and earnings missed expectations.
For the fourth quarter of 2023, the company expects net sales of $3.1-3.6 billion.
The stock was down over 3% in premarket hours on Thursday.
Nike, Inc. (NYSE: NKE) ended fiscal 2023 on an unimpressive note, reporting weaker-than-expected earnings for the final months of the year when the sneaker giant’s revenues increased modestly. The company's
Shares of KB Home (NYSE: KBH) were down on Friday. The stock has gained 43% year-to-date and 68% over the past 12 months. The homebuilder delivered better-than-expected results for the
Healthcare conglomerate UnitedHealth Group (NYSE: UNH) has a good track record of effectively navigating challenges. The company's diversified offerings help it deliver consistent revenue and profit growth. Recently, profitability came