ConAgra Foods, Inc. (CAG) Tops Q3 EPS by 3c

March 24, 2011 7:38 AM EDT
ConAgra Foods, Inc. (NYSE: CAG) reported Q3 EPS of $0.50, $0.03 better than the analyst estimate of $0.47. Revenue for the quarter came in at $3.15 billion versus the consensus estimate of $3.13 billion.

The company now expects fiscal fourth-quarter comparable EPS amounts to be lower than comparable fiscal third-quarter EPS amounts, primarily due to accelerating inflation and higher-than-planned third quarter flour milling profits

The company continues to expect fiscal 2011 full-year diluted EPS, adjusted for items impacting comparability, to show a low-single-digit rate of growth over the comparable $1.74 earned in fiscal 2010.

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