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ConAgra Foods Inc
CAG reported a strong year-over-year rise in its fiscal fourth-quarter net income on Thursday.
ConAgra's earnings surged to $254.9 million, or $0.62 per share, from $90.6 million, or $0.20 per share, in the year-earlier period. Its adjusted earnings came in at $0.47 per share. ConAgra's sales climbed 5% to $3.21 billion, from $3.05 billion. Analysts were expecting earnings of $0.48 per share on revenue of $3.19 billion.
ConAgra projects FY12 earnings to rise by a low- to mid-digit rate from fiscal 2011's $1.75 per share.
ConAgra shares dropped 1.69% to $24.99 in pre-market trading.
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from Benzinga's Company news.© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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