Sept 19 ConAgra Foods Inc, the maker of Hunt's Ketchup and Chef Boyardee pastas, reported lower-than-expected quarterly results, hurt by weak sales in its consumer foods business.
Net income fell 42 percent to $144.3 million, or 34 cents per share, in the quarter ended Aug. 25 from $250.1 million, or 61 cents per share, a year earlier.
Excluding items, ConAgra earned 37 cents per share.
Revenue rose 27 percent to $4.20 billion.
Analysts on average were expecting adjusted earnings of 39 cents per share on revenue of $4.29 billion, according to Thomson Reuters I/B/E/S.