News Summary

Shares of ConAgra Inc CAG gained about 1% after the company reported its FQ3 profit at $214.8 million, or $0.50 per share, compared with $229.6 million, or $0.51 per share, in the year-earlier period. The company's sales increased 4.1% to $3.15 billion. However, analysts were expecting earnings of $0.46 per share on sales of $3.12 billion. Shares of Talbots Inc TLB surged about 18% after the company swung to a Q4 loss of $2.8 million, or $0.04 per share, from a profit of $4.1 million, or $0.07 per share, in the year-earlier period. The company's sales dropped to $292.6 million from $315.9 million. TLB's comparable-store sales declined 7.3%. The company's adjusted loss came in at $0.14 per share. However, analysts were expecting a loss of $0.18 per share on sales of $295.5 million. Shares of Best Buy Co BBY gained about 1% after the company reported its FQ4 profit at $651 million, or $1.62 per share, compared with $779 million, or $1.82 per share, in the year-earlier period. The company's sales fell to $16.3 billion from $16.6 billion. BBY's comparable-store sales dropped 4.6%. Excluding one-time items, the company's earnings came in at $1.98 per share. However, analysts were estimating earnings of $1.84 per share on sales of $16.3 billion. The company projects full-year adjusted profit of $3.30 to $3.55 per share on sales of $51 billion to $52 billion. However, analysts were projecting profit of $3.56 per share on sales of $52.1 billion. Read more from Benzinga's Markets.