RTTNews | Nov 24, 2020 06:34AM EST

06:33 Tuesday, November 24, 2020 (RTTNews.com) - Hormel Foods Corp (HRL) announced earnings for fourth quarter that declined from last year.

The company's profit came in at $234.36 million, or $0.43 per share. This compares with $255.50 million, or $0.47 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.44 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.2% to $2.42 billion from $2.50 billion last year.

Hormel Foods Corp earnings at a glance:

-Earnings (Q4): $234.36 Mln. vs. $255.50 Mln. last year.-EPS (Q4): $0.43 vs. $0.47 last year.-Analysts Estimate: $0.44-Revenue (Q4): $2.42 Bln vs. $2.50 Bln last year.

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