Investing.com - ConAgra Foods (NYSE:CAG) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
ConAgra Foods announced earnings per share of $0.75 on revenue of $3.29B. Analysts polled by Investing.com anticipated EPS of $0.65 on revenue of $3.12B.
ConAgra Foods shares are up 3% from the beginning of the year , still down 0.64% from its 52 week high of $35.78 set on June 30. They are outperforming the S&P 500 which is down 4.82% year to date.
ConAgra Foods shares gained 5.49% in intra-day trade following the report.
ConAgra Foods follows other major Consumer/Non-Cyclical sector earnings this month
ConAgra Foods's report follows an earnings missed by Brown Forman on June 9, who reported EPS of $0.27 on revenue of $709M, compared to forecasts EPS of $0.28 on revenue of $681.56M.
Brown Forman A had matched expectations on June 9 with fourth quarter EPS of $0.27 on revenue of $709M, compared to forecast for EPS of $0.27 on revenue of $681.56M.
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