Hormel profit rises; outlook tops Wall Street view
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Hormel Foods Corp.  on Wednesday posted higher quarterly profit, in line with raised expectations it announced earlier this month, and gave a forecast for current quarter earnings that was higher than analysts estimates.
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Stocks rose on Monday as stronger-than-expected profits in the pharmaceutical sector and news of a takeover in the oil services industry fueled a rebound from Friday's sell-off.
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U.S. stocks rose on Wednesday, driving the Dow Jones industrial average to a record high, after a strong profit and outlook from Cisco Systems Inc.  boosted optimism about corporate profits.
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Molson Coors Brewing Co.   reported quarterly profit on Thursday that trounced analysts expectations, aided by higher pricing and volume growth, sending its shares up more than 6 percent.
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U.S. stocks were poised to open higher, with Wall Street growing more upbeat about corporate profits after solid results from Apple, American Express and DuPont.
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US stock futures rose on Wednesday, pointing to a higher market open, with strong earnings from computer and printer maker Hewlett-Packard Co.
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Lehman Brothers Holdings Inc.  on Tuesday said quarterly profit rose 27 percent, beating expectations, on surging revenue from bond underwriting and stock trading.
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Estee Lauder Cos Inc  reported a higher quarterly profit and stood by its 2008 outlook on Friday, counting on international sales and other measures to offset tighter consumer spending at home.
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Occidental Petroleum Corp.  on Monday reported a higher quarterly profit, benefiting from high oil and gas prices.
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The Nasdaq composite index rose on Thursday as a reassuring profit and outlook from Oracle Corp and a higher earnings forecast from Qualcomm Inc added to optimism about technology stocks.
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U.S. stocks ended higher on Wednesday  as better-than-expected earnings from Lehman Brothers Holdings  Inc. LEH.N provided a lift, even as crude oil prices rose to  a 2-week high and sparked worry about high energy costs.
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Occidental Petroleum Corp. OXY.N,  among the top U.S. oil and gas producers, on Thursday said  quarterly profit shot up 70 percent, spurred by the dramatic  rise in oil and gas prices in recent months.
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U.S. stocks rose on Monday on lower  oil prices and a better-than-expected revenue outlook from  business software company Siebel Systems Inc. SEBL.O.
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Stocks rose on Thursday, helped by an upbeat earnings outlook and favorable news in the biotech and pharmaceutical sectors, while economic data eased worries about a possible recession.
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Better-than-expected profit news from Merck also raised the mood on Wall Street, helping shares partly recover from a steep sell-off Friday.
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The retailer reports strong earnings and lifts its outlook.
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Food purveyor Hormel Foods (NYSE: HRL) -- owner of the SPAM canned meat bonanza -- had good news this morning, or so you would think. Sales were up 15%, unit volume was up 6%, and earnings, excluding a positive impact from the ...