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Company News for January 4, 2013 - Corporate Summary

By: Zacks.com
Posted: 1/4/2013 9:06:00 AM
Referenced Stocks: FDO;HRL;LTD;ROST

•    Shares of Hormel Foods Corporation (NYSE: HRL ) jumped 3.7% after it concluded an agreement as per which it will purchase Unilever United States Inc.'s Skippy peanut-butter business for approximately $700 million

•    Ross Stores, Inc. (NASDAQ: ROST ) surged 8% after the discount retailer raised its earnings forecasts for the fourth quarter ending February 2, 2013

•    Shares of Family Dollar Stores, Inc. (NYSE: FDO ) plunged 13% after it lowered its earnings forecasts for the full year. Additionally, the company posted first quarter earnings per share of $0.69, missing the Zacks Consensus Estimate of $0.74

•    Limited Brands, Inc. (NYSE: LTD ) lost 5.7% after the retailer's same stores sales growth for December came in below expectations



FAMILY DOLLAR (FDO): Free Stock Analysis Report

HORMEL FOODS CP (HRL): Free Stock Analysis Report

LIMITED BRANDS (LTD): Free Stock Analysis Report

ROSS STORES (ROST): Free Stock Analysis Report

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