Hormel Foods shares are trading lower after the company reported worse-than-expected Q3 earnings and lowered FY23 outlook.
Portfolio Pulse from Benzinga Newsdesk
Hormel Foods reported worse-than-expected Q3 earnings and lowered its FY23 outlook, causing its shares to trade lower.
August 31, 2023 | 10:38 am
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Hormel Foods' shares are trading lower due to worse-than-expected Q3 earnings and a lowered FY23 outlook.
Hormel Foods' worse-than-expected Q3 earnings and lowered FY23 outlook directly impact the company's stock price, causing it to trade lower. Investors may be concerned about the company's future profitability, leading to a sell-off of shares.
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