Friday, August 20, 2010

Hormel Posts Larger-Than-Expected Gains

(AP)  The net income for Hormel Foods Corporation rose 11% in the third-quarter to a revenue of $1.73 billion--up from analysts' expectations of $1.7 billion.  The maker of Spam and other products out of Austin, Minnesota attributes the gain to strong sales of it's grocery products, which helped offset higher commodity costs.

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