UPDATE: ConAgra Foods Reports Fourth-Quarter Earnings

ConAgra Foods CAG today reported results for the fiscal 2011 fourth quarter, which ended May 29, 2011. As reported, diluted EPS from continuing operations was $0.62, 130% above the $0.27 earned in the year-ago period. Results include $0.15 of net benefit in the current quarter and $0.11 of net expense in the year-ago period from items impacting comparability; adjusting for those items, comparable diluted EPS from continuing operations of $0.47 in the current quarter was 24% above the $0.38 earned a year ago. Total revenue was $3.2 billion.