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ConAgra Foods Inc (CAG) Stock Climbs on Earnings Beat

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ConAgra Foods Inc ( CAG ) saw its stock climb on Thursday following fiscal Q3 2016 earnings results.

ConAgra reported earnings per share of 68 cents for the quarter, which is up from the 59 cents reported during the same time last year. It was also above analysts' expectations, which had EPS coming in at 58 cents.

Revenue reported by CAG for the third quarter of fiscal 2016 was $2.9 billion . This is roughly the same that it reported in Q3 2015 and matches what Wall Street was expecting from the company for this quarter.

ConAgra is expecting EPS for the full year of fiscal 2016 to be between $2.05 and $2.07. Analysts' estimates for EPS in the current year are sitting at $2.26.

CAG shares were up 2% as of Thursday afternoon.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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