ConAgra sees higher-than-expected quarterly profit
NEW YORK (Reuters) - ConAgra Foods Inc (CAG.N: Quote, Profile, Research, Stock Buzz) 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.
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)
© Thomson Reuters 2008 All rights reserved
Ads by Career Builder
Manager - Corporate Finance (Retail and Consumer Goods)
Details: ...production, marketing and sales of retail and consumer products. With global...for exceptional and driven professionals...
Sourcing Recruiter - Energy/Industrials
Details: ...custom surveys, and by attending events...time knowledge and insights into the...Technology, Media, Consumer Goods, Retail, Industrials, and Energy industries. We are currently...
Consumer Products Retail Sales Supervisor
Details: ...Lead, motivate and develop retail sales team of 6-8...account initiatives, and retail plans are completely...between direct/broker and retail organization within defined...
Analyst, Business Intelligence / Sales
Details: ...energetic, resourceful and experienced team-player...fast-paced environments and will contribute to...through the development and distribution of internal...
Cash injection
N.Korea off U.S. terror list
