RTTNews | Dec 9, 2021 06:34AM EST

06:34 Thursday, December 9, 2021 (RTTNews.com) - Hormel Foods Corp (HRL) reported earnings for its fourth quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $281.74 million, or $0.51 per share. This compares with $234.36 million, or $0.43 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $0.50 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 42.6% to $3.45 billion from $2.42 billion last year.

Hormel Foods Corp earnings at a glance:

-Earnings (Q4): $281.74 Mln. vs. $234.36 Mln. last year.-EPS (Q4): $0.51 vs. $0.43 last year.-Analyst Estimate: $0.50-Revenue (Q4): $3.45 Bln vs. $2.42 Bln last year.

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