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Actionable news in HRL: HORMEL FOODS CORPORATION,

Hormel Foods (HRL) Stock Climbs on Q3 Beat, Outlook

NEW YORK (TheStreet) -- Shares of Hormel Foods (HRL) were up in pre-market trading on Thursday after posting better-than-expected financial results for the 2016 third quarter and lifting its full-year earnings guidance.

Before the market open, the Austin, MN-based food maker reported earnings of 36 cents per diluted share, topping analysts' estimates of 35 cents per share.

Revenue climbed 5.2% year-over-year to $2.30 billion and beat analysts' projections of $2.26 billion.

Within the refrigerated foods segment, sales were up 9%, while sales rose 3% in the grocery products division and climbed 20% in the Jennie-O Turkey store...


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