UPDATE: ConAgra Posts Rise In Q4 Sales

ConAgra Foods (NYSE: CAG) posted a loss in its fiscal fourth quarter loss.

ConAgra posted a quarterly loss of $86.2 million, or $0.21 per share, versus a year-ago profit of $250.1 million, or $0.61 per share. Excluding charges, ConAgra posted operating income of $0.51 per share.

Its net sales rose to $3.41 billion, from $3.21 billion. However, analysts were expecting earnings of $0.50 per share on net sales of $3.40 billion.

ConAgra shares closed at $24.60 yesterday.

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Tags: loss

Posted in: Earnings, News

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