UPDATE: ConAgra Posts 17% Rise In Q2 Profit, Raises FY13 Forecast
ConAgra Foods (NYSE: CAG) reported a 17% rise in its second-quarter profit.
ConAgra's quarterly profit surged to $211.6 million, or $0.51 per share, versus $180.2 million, or $0.43 per share, in the year-earlier period.
Its net sales climbed 8.9% to $3.74 billion. However, analysts were expecting earnings of $0.55 per share on sales of $3.68 billion.
ConAgra raised its FY13 view to at least $2.06 per share, versus its prior forecast of $2.03 to $2.06 per share. However, analysts were expecting earnings of $2.07 per share.
ConAgra shares closed at $29.96 yesterday.
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