Hormel posts profit of $138 million in 3rd quarter

Hormel Foods Corp. (HRL) on Thursday reported fiscal third-quarter earnings of $138 million, or 51 cents per share.

The company, based in Austin, Minnesota, posted revenue of $2.28 billion in the period.

Hormel shares have increased 6 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 7.5 percent. The stock has increased 12 percent in the last 12 months.

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This story was generated automatically by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. Full HRL report: http://www.zacks.com/ap/HRL

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