Hormel Foods Corporation (NYSE:HRL) stock rose Thursday after the company reported fourth-quarter results that beat Wall Street profit expectations but fell short on revenue.

The packaged foods maker also issued an upbeat earnings and sales outlook for the coming year, signaling confidence in its turnaround efforts despite ongoing cost pressures.

The company reported fourth-quarter adjusted earnings per share of 32 cents, beating the analyst consensus estimate of 30 cents.

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Quarterly sales of $3.185 billion missed the Street view of $3.228 billion.

The company reported operating income of $2 million and adjusted operating income of $245 million, resulting in an operating margin of 0.1% and an adjusted operating margin of 7.7%.

Results were weighed down by $234 million in non-cash ...