Microsoft stock fell on Thursday after the software giant lowered its revenue and earnings forecasts for the current quarter. Read More...
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Hormel tops earnings estimates for its second quarter and backs full-year sales guidance
Hormel Foods Corp. , parent of brands inluding Planters, Skippy, Spam, Applgegate and Jennie-O, posted better-than-expected earnings for its fiscal second quarter on Thursday and backed sales guidance for the full year. The company posted net income of $261.6 million, or 48 cents a share, for the quarter to May 1, up from $227.9 million, or 42 cents a share, in the year-earlier period. Sales climbed to $3.097 billion from $2.607 billion a year ago. The FactSet consensus was for EPS of 47 cents a
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