=Hormel Foods (HRL) reported earnings on Thur 25 May 2017 (b/o)

• Hormel misses Street 2Q forecasts

AUSTIN, Minn. (AP) _ Hormel Foods Corp. (HRL) on Thursday reported fiscal second-quarter net income of $210.9 million.

The Austin, Minnesota-based company said it had net income of 39 cents per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.

The maker of Spam canned ham, Dinty Moore stew and other foods posted revenue of $2.19 billion in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $2.22 billion.

Hormel expects full-year earnings to be $1.65 to $1.71 per share.

Hormel shares have risen roughly 2 percent since the beginning of the year, while the Standard & Poor's 500 index has increased slightly more than 7 percent. The stock has increased almost 2 percent in the last 12 months.