Company News for January 4, 2013

Zacks

•    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
 

Read the analyst report on HRL

Read the analyst report on ROST

Read the analyst report on FDO

Read the analyst report on LTD

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