HSH: Hillshire Stock Moves Higher on Earnings

by Christopher Freeburn | May 6, 2014 11:28 am

HSH: Hillshire Stock Moves Higher on Earnings

On Tuesday, Hillshire Brands (HSH[1]) topped Wall Street estimates[2] for fiscal third-quarter profits and revenue. Investors liked the results, sending HSH stock up almost 4%.

Day Trading 185 HSH: Hillshire Stock Moves Higher on Earnings[3]HSH shares gained after Hillshire posted net income from continuing operations of $42 million during the quarter. Adjusted EPS came in 46 cents, well above the 36 cents analysts had forecast, Reuters notes.

Quarterly sales hit $955 million, up 3.4% from the prior-year period, and beating the $939 million that analysts had estimated.

Hillshire’s revenue was boosted by rising sales of Jimmy Dean-branded products. Increased product prices helped to deflect lower sales volumes for other products. HSH has raised prices to offset higher pork and beef prices.

HSH stock closed at $35.30 on Monday.

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Endnotes:
  1. HSH: http://studio-5.financialcontent.com/investplace/quote?Symbol=HSH
  2. topped Wall Street estimates: http://www.reuters.com/article/2014/05/06/hillshire-brands-results-idUSL3N0NS34Y20140506
  3. [Image]: http://investorplace.com/wp-content/uploads/2011/08/Day-Trading-185.jpg
  4. ALU: Alcatel-Lucent Stock Surges on Nokia Buzz: http://investorplace.com/2014/05/alu-alcatel-lucent-stock-surges-nokia-buzz/#.U2j-Nl5hOf0
  5. OWW: Why Orbitz Stock Is Sliding Today: http://investorplace.com/2014/05/oww-orbitz-stock-soaring-today/#.U2j6sF5hOf0
  6. EL: Estee Lauder Stock Is Looking Pretty Post-Earnings: http://investorplace.com/2014/05/el-estee-lauder-stock-looking-pretty-post-earnings/#.U2PJRF5hOf1

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