ConAgra Foods (CAG) Misses Q4 EPS by 1c; Guides In-line for FY10
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ConAgra Foods, Inc., (NYSE: CAG) reports Q4 EPS of $0.41, 1 cent worse than estimates. Revenues were $3.3 billion vs. $3.33 billion consensus.
He continued, "Given our strengthening execution, moderating inflation, and the benefit of innovation, we are in a good position to deliver healthy EPS growth in fiscal 2010 while increasing investment in our brands. Our estimate of fiscal 2010 diluted EPS from continuing operations is $1.63-$1.66 per share, excluding items impacting comparability. We will provide investors with the customary updates on our progress and expectations throughout the fiscal year." (Consensus is $1.63)
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