Shares of Hormel Foods Corp. fell 0.6% in premarket trade Thursday, after the foods company, which brands include Skippy, Spam and Natural Choice, reported fiscal second-quarter results that fell a bit shy of forecasts. Net income for the quarter to April 29 rose to $237.4 million, or 44 cents a share, from $210.9 million, or 39 cents a share, in the same period a year ago. The FactSet consensus for earnings per share was 45 cents. Revenue increased to $2.33 billion from $2.19 billion, but missed the FactSet consensus of $2.37 billion. Among Hormel's segments, grocery products sales fell 1.4% to $631.6 million but beat the FactSet consensus of $568.8 million, while refrigerated foods sales rose 13.6% to $1.17 billion to miss expectations of $1.25 billion. Jennie-O Turkey Store sales fell 4.2% to $371.9 million, just shy of the FactSet consensus of $376.6 million. The company affirmed its fiscal 2018 EPS outlook of $1.81 to $1.95 and its revenue guidance of $9.70 billion to $10.10 billion. The stock has rallied 9.7% over the past three months through Wednesday, while the S&P 500 had slipped 0.5%.