Market Intelligence

Conagra Brands Inc. Q2 adjusted earnings Beat Estimates

( - Conagra Brands Inc. ( CAG ) reported earnings for second quarter that declined from the same period last year.

The company's bottom line came in at $131.6 million, or $0.31 per share. This compares with $223.5 million, or $0.54 per share, in last year's second quarter.

Excluding items, Conagra Brands Inc. reported adjusted earnings of $469.1 million or $1.14 per share for the period.

Analysts had expected the company to earn $0.55 per share, according to

figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.7% to $2.38 billion from $2.17 billion last year.

Conagra Brands Inc. earnings at a glance:

-Analysts Estimate: $0.55

-Revenue (Q2): $2.38 Bln vs. $2.17 Bln last year.


Full year EPS guidance: $2.03 to $2.08

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