Tags: ConAgra | earnings | estimates

ConAgra's Earnings Fall but Still Top Analysts' Estimates

Tuesday, 20 Dec 2011 10:04 AM

Food maker ConAgra Foods says its net income fell nearly 15 percent as high food costs continue to pressure results.

ConAgra Foods Inc., like many food companies, is dealing with higher costs for ingredients, packaging and fuel and has raised its prices to offset those increases

Results for the Omaha, Neb.-based company were better than expected and ConAgra reaffirmed fiscal 2012 guidance.

The maker of Slim Jim, Chef Boyardee and other packaged foods says net income fell to $171.8 million, or 41 cents per share. That compares with $200.9 million, or 46 cents per share a year ago. Excluding one-time items net income was 47 cents per share. That's ahead of the 43 cents per share analysts expected.

Revenue rose 8 percent to $3.4 billion. Analysts expected $3.34 billion.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

1Like our page
2Share
Companies
Food maker ConAgra Foods says its net income fell nearly 15 percent as high food costs continue to pressure results.ConAgra Foods Inc., like many food companies, is dealing with higher costs for ingredients, packaging and fuel and has raised its prices to offset those...
ConAgra,earnings,estimates
129
2011-04-20
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved