ConAgra increases profit in the first quarter - Steven Mallas

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ConAgra increases profit in the first quarter
Sep 23, 2009 01:30 PM UTC

Steven Mallas

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Filed under: Earnings reports, Campbell Soup (CPB), ConAgra Foods (CAG), Kraft Foods'A' (KFT)

ConAgra Foods (NYSE: CAG) issued Q1 numbers on Tuesday. The market wasn't too impressed by them, but they weren't bad, actually. Net sales were lackluster, I'll admit. They dropped about 3%. Earnings per share from continuing operations, on the other hand, really shined. They increased well over 60% to 38 cents. Net income from continuing operations on a dollar basis soared over 50%.

Even better, that 38-cents-per-share statistic was firmly ahead of Wall Street expectations. According to our earnings preview, analysts were looking for 34 cents per share.

Continue reading ConAgra increases profit in the first quarter

ConAgra increases profit in the first quarter originally appeared on BloggingStocks on Wed, 23 Sep 2009 08:30:00 EST. Please see our terms for use of feeds.

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