 Shares of Hormel Foods Corp. HRL, -0.75 dropped 4.3 in premarket trading Thursday, after the branded food company raised its full-year sales outlook but cut its profit view, citing expectations that high cost inflation will persist. The company also reported fiscal third-quarter net income to the quarter to July 31 that rose to 218.l9 million, or 40 cents a share, from 176.9 million, or 32 cents a share, in the year-ago period. 