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NEW YORK (TheStreet) -- Hormel Foods Corp. (HRL) - Get Free Report stock is rising 0.66% to $69.72 in pre-market trading on Tuesday after the company reported better than expected earnings for the fiscal 2015 fourth quarter. Revenue missed estimates.

The food company posted earnings of 74 cents per share for the quarter ended October 25, beating estimates by 5 cents.

The Street's Jim Cramer, portfolio manager of the Action Alerts PLUS charitable trust portfolio, has this to say about the company: "Hormel just keeps humming and the transformation of Spam to organic and natural continues with the terrific Applegate acquisition."

Quarterly revenue declined 5.6% year-over-year to $2.4 billion, falling short of estimates of $2.52 billion, driven by a 17.6% drop in in Jennie-O Turkey Store sales.

"We did face some headwinds during the year, including lower revenues impacted by declining pork markets and the loss of sales and operational efficiency related to highly pathogenic avian influenza in the Jennie-O Turkey Store segment," CEO Jeffrey Ettinger said in a statement.

Refrigerated food sales declined 5.1% to $1.15 billion, while profits increased 27% to $111.29 million because of the Applegate brand, which Hormel Foods acquired in July for $775 million.

For the 2015 fiscal year, Hormel Foods reported earnings of $2.64 per share, surpassing expectations by 4 cents, and revenue of $9.26 billion, missing estimates of $9.44 billion.

The company set its 2016 fiscal year earnings guidance to $2.85 to $2.95 per share because of strong demand for Applegate products, as well as expansion of core brands such as Spam and Skippy.

Separately, TheStreet Ratings team rates HORMEL FOODS CORP as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:

We rate HORMEL FOODS CORP (HRL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company shows low profit margins.

You can view the full analysis from the report here: HRL

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Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet or any of its contributors.