• Most Popular
  • Most Shared

ConAgra sees higher-than-expected quarterly profit

NEW YORK
Tue Jun 24, 2008 9:49am EDT

Stocks

   
The ConAgra plant in Kansas City is seen in this July 2, 2004 file photo. REUTERS/Dave Kaup

NEW YORK (Reuters) - ConAgra Foods Inc (CAG.N) said on Tuesday fourth-quarter earnings would be higher than expected, boosted by results at its trading and merchandising unit, whose sale was completed after the quarter ended.

Stocks  |  Hot Stocks  |  Global Markets

ConAgra, whose shares rose more than 4 percent in premarket trading, said it previously expected earnings in the quarter, ended May 25, of 30 cents to 35 cents a share before one-time items.

"The company is also pleased with the overall performance of the Food and Ingredients segment, as well as improved execution with regard to pricing in the Consumer Foods segment," ConAgra said in a statement.

Its shares stood at $23.14 in premarket trading, up from Monday's close at $22.22 on the New York Stock Exchange.

(Reporting by Aarthi Sivaraman, editing by Gerald E. McCormick and John Wallace)
Stocks
Hot Stocks
Global Markets


More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets