Investing.com - ConAgra Foods reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
ConAgra Foods announced earnings per share of $0.65 on revenue of $2.91B. Analysts polled by Investing.com anticipated EPS of $0.6338 on revenue of $2.93B.
ConAgra Foods shares are up 4% from the beginning of the year and are trading at $35.93 , down-from-52-week-high.They are outperforming the S&P 500 which is down 20.23% from the start of the year.
ConAgra Foods shares gained 0.53% in pre-market trade the report.
ConAgra Foods follows other major Consumer Staples sector earnings this month
ConAgra Foods's report follows an earnings beat by PepsiCo on Tuesday, who reported EPS of $1.86 on revenue of $20.23B, compared to forecasts EPS of $1.74 on revenue of $19.51B.
Constellation Brands B had beat expectations on June 30 with first quarter EPS of $2.66 on revenue of $2.36B, compared to forecast for EPS of $2.52 on revenue of $2.17B.
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