Market Overview

UPDATE: ConAgra Posts Rise In Q4 Sales

Related CAG
Wall Street's M&A Chatter From February 24-26
Conagra Could See 15% Upside In The Next 12 Months
New front in Wal-Mart's U.S. price war (Seeking Alpha)

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.

Posted-In: lossEarnings News


Related Articles (CAG)

View Comments and Join the Discussion!