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Actionable news in HRL: HORMEL FOODS CORPORATION,

What to Look for When Hormel Foods (HRL) Posts Q3 Results

NEW YORK (TheStreet) -- Shares of Hormel Foods (HRL) were dropping in mid-afternoon trading on Tuesday ahead of the company's 2016 third quarter results, due out before Thursday's opening bell.

Wall Street is expecting earnings to fall year-over-year, but revenue to be higher.

Analysts are modeling that the Austin, MN-based food and meat products company will report earnings of 35 cents per share on revenue of $2.26 billion.

During the same period a year ago, Hormel earned 56 cents per diluted share on revenue of $2.19 billion.

Deutsche Bank has...


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