ConAgra Foods Inc. (CAG) reported that its third-quarter net income attributable to company decreased to $120.0 million from $280.1 million last year. Profit per share from continuing operations was $0.29, down from $0.67 earned a year-ago. Excluding $0.26 per share of net expense in the current quarter, and $0.14 of net benefit in the year-ago period, from items impacting comparability, current quarter profit per share was $0.55 compared to $0.53 earned in the year-ago period. Net sales improved to $3.85 billion from $3.40 billion last year.
On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.56 for the quarter. Analysts' estimates typically exclude speical items. Analysts expected revenue of $3.87 billion for the quarter.
ConAgra Foods reaffirmed expectations for fiscal 2013 profit per share to be approximately $2.15, adjusted for items impacting comparability. Analysts expect the company to report fiscal 2013 profit per share of $2.15.
The company's board approved a dividend of $0.25 per share to be paid on May 31, 2013, to stockholders of record at the close of business on April 30, 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.